Management Accounting Set 17

Q1 | Management accountancy is a structure for

Q2 | The prime function of financial accounting is to

Q3 | If net profit is ? 50,000 after writing off goodwill ? 10,000 then the Cash Flow from operating activities will be:

Q4 | Net Profit during the year ? 1,00,000Debtors in the beginning the year of ? 30,000Debtors at the end of the year ? 36,000What is the amount of Cash From Operating Activities?

Q5 | Net Profit during the year ? 30,000Creditors in the beginning ? 24,000Creditors at the end ? 16,000What is the amount of cash from operating activities?

Q6 | Financing Activities bring changes in

Q7 | For year 2018 Equity Share Capital is Rs 3,00,000 Preference Share Capital is Rs.1,00,000,10% debentures is Rs.2,00,000 and Share premium is Rs.30,000. For year 2019 Equity Share Capital is Rs 4,00,000 Preference Share Capital is Rs.60,000 10% debentures is Rs.1,00,000 and Share premium is 40,000. Also given, Dividend paid on shares Rs 15,000 and Interest paid on debentures Rs. 20,000. Determine net cash flow from financing activities.

Q8 | Which of the following falls under Profitability Ratios? A) General Profitability ratios B) Overall Profitability ratios C) Comprehensive Profitability ratios

Q9 | While calculating Gross Profit Ratio,

Q10 | Gross Profit Ratio is calculated by

Q11 | Given Sales is Rs.2,40,000 and Gross Profit is 60,000, the Gross Profit Ratio is

Q12 | If selling price is fixed 25% above the cost, the Gross Profit Ratio is

Q13 | Determine Stock Turnover Ratio if, Opening stock is Rs 31,000, Closing stock is Rs 29,000, Sales is Rs 3,20,000 and Gross profit ratio is 25% on sales.

Q14 | Which of the following is not included in quick assets?

Q15 | Quick ratio is 1.8:1, current ratio is 2.7:1 and current liabilities are Rs 60,000. Determine value of stock.

Q16 | A Current Ratio of Less than One means

Q17 | A firm has Capital of Rs. 10,00,000; Sales of Rs. 5,00,000; Gross Profit of Rs. 2,00,000 and Expenses of Rs. 1,00,000. What is the Net Profit Ratio?

Q18 | A Company has a material standard of 1 kg. per unit of output. Each kg. has a standard price of Rs.25 per kg. Company paid Rs.1,27,500 for 5000 kg., which they used to produce 4,700 units. What is the direct material price variance?

Q19 | Company has a material standard of 1.1 kg. per unit of output. Each kg. has a standard price of Rs.25 per. Company paid Rs.1,18,800? for 5,100 kg. which they used to produce 4,900 units. What is the direct materials quantity variance?

Q20 | A Company has a standard of 1 direct labor hour per unit at Rs.12 per hour. 3,850 labor hours costing Rs.46,970 were used to produce 4,000 units. Company’s labor price variance is

Q21 | A Company has a standard of 1 direct labor hour per unit at Rs.12 per hour. 3,850 labor hours costing Rs.46,970 were used to produce 4,000 units. Company’s labor quantity variance is

Q22 | A Company has a standard of 1 direct labor hour per unit at Rs.12 per hour. 3,850 labor hours costing Rs.46,970 were used to produce 4,000 units. Company’s total labor variance is

Q23 | Material cost variances is measured as

Q24 | When the actual cost is less than the standard cost, the difference is termed as

Q25 | The formula to estimate Labour Mix variance is