Management Accounting Set 3

Bachelor of Business Administration (BBA),

Bachelor of Banking and Insurance (BBI),

Bachelor of Commerce (B Com)

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This set of Management Accounting Multiple Choice Questions & Answers (MCQs) focuses on Management Accounting Set 3

Q1 | Which items are added in Current year profit to get Net profit before tax.I)Interim dividend II)Provision for tax III)Refund of tax IV)Transfer to reserves
Q2 | Which are financing activities?I)Issue of shares II)Interest Paid III)Dividend paid IV)Redemption of debentures
Q3 | Which of the following is not the objective of budgetary control?I)ControlII)Danger of rigidityIII)MotivationIV)Based on estimates
Q4 | Which of the following is the limitation of Zero based budgeting.I)Resist new ideas II)Control on expenditure III)Requires proper training IV)Conflicts
Q5 | The fixed administration expenses are Rs 50,000 at 10,000 units of production.What will be the per unit fixed cost at 8000 units?
Q6 | Labour Efficiency Variance is the sum total of I)Labour Mix variance II)Labour Cost Variance III)Idle time Variance IV)Labouryield variance
Q7 | Total Actual material is 1250 Kg.The Standard qty of Material A=800Kg and B=400Kg.What is the revised Std qty of A and Brespectively.
Q8 | AQ=2500Kg ,SP=Rs 2.5,SQ=2400Kg,AP=Rs 3 .Calculate Material Cost variance.
Q9 | BE point=40,000 ,Fixed Cost=15,000.Calculate P/V ratio.
Q10 | Calculate Break Even Point in units if Fixed cost is 15,000 ,SP=15 and VC=12
Q11 | Calculate Profit if Mos=40%,P/v ratio=50% and Actual Sales=10,00,000.
Q12 | Variable cost ratio =80% and Mos=40%.Calculate P/V ratio and BEP(in Percentage) respectively.
Q13 | At Break even point,Contribution is equal to .
Q14 | Which statement is true.I)Fixed budget assumes Changing business conditions. II)Flexible budget is prepared for only onelevel of activity.
Q15 | Fixed cost=8000,Profit=5600 .Calculate Contribution.
Q16 | The wages due from Mar 20 ,Apr 20 and May 20 areRs8000,Rs9000 and Rs 10,000 respectively.There is delay in payment of wages of 2 months.What will be the wages paid in May
Q17 | Type of accounting which specialises in providing information about detailed cost of products?
Q18 | What is included in scope of management accounting? I)Internal Control II)Budgeting III)Reporting to management IV)Office Services
Q19 | Which of the following is the basis of difference between Financial and Management Accounting?
Q20 | What are the objectives of Cost accounting?I)Cost Ascertainment II)Cost Control
Q21 | The status of management accountant is at what level as compared to cost accountant?
Q22 | Which statement is true.I)Financial accounts are prepared according to Accounting Standards. II)Management Accounting reports are also prepared according to accounting standard.
Q23 | What indicate the relationship of different items of a financial statement with some common item by expressing each item as a percentage of the common item.
Q24 | Which is not the limitation of financial analysis?I)Effect of personal Bias II)Identify Trend III)Judge Efficiency IV)Different accounting policies
Q25 | Given inventory of 24,000, other current assets of 12,000 and current liabilities of 20,000, the acid test (quick ratio) will be:
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