Management Accounting Set 18

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 18

Q1 | Given standard time per unit is 80 hours, standard time per hour @ Rs 1 per hour, actual time per unit is 90 hours and actual rate per hour @ Rs 1.10 per hour. Determine labour cost variance, labour rate variance and labour efficiency variance.
Q2 | The formula used for calculation of labour rate variance is
Q3 | The data related to Production of T are for material X standard data and actual data are 40 kgs @ Rs 10 and 55 kgs @ Rs 9, respectively. The standard data and actual data for material Y are 50 kgs @ Rs 5 and 35 kgs @ Rs 7. Determine material usage variance.
Q4 | Material yield variance arises when
Q5 | While calculating material mix variance, if revised standard quantity is greater than actual quantity, the variance is
Q6 | To produce Product A 2 kg of material X at Rs 10 per kg is required . During February 800 units of Product, A were produced. Actual price paid for material X is Rs 9 per kg and total cost Rs 15,300. Determine material cost variance.
Q7 | In a manufacturing firm, the standard quantity of material was set at 10 kg and standard price was fixed at Rs. 2 per kg. The actual quantity consumed was 12 kg and the actual price paid was Rs 1.90 per kg. Determine material usage variance.
Q8 | Marginal Cost is the aggregate of all
Q9 | The other name of Marginal Costing is…
Q10 | While making make or buy decision under marginal costing, external purchase price of the articles must be compared with its
Q11 | Shut down cost is:
Q12 | Profit volume ratio can be improved by
Q13 | When Profit is Rs.5000 and P/V ratio is 20%, Margin of Safety is---------
Q14 | When selling price of product A is Rs.25 and product B is Rs. 20 and respective variable cost is Rs. 23 and Rs.16. The fixed cost is Rs.750, which of the following sales mix of product A and product B should be adopted to maximize the profit.
Q15 | The breakdown of cost of a component of a company is Material Rs.275, Labour Rs. 175 ,other Variable costs Rs.50 and Depreciation Rs.125. At what price the product should be available in the market so that company should buy from the market.
Q16 | Costs Which ------------between different alternatives are to be ignored.
Q17 | When selling price is Rs.200 Per unit, Variable Cost Rs.150 per unit and Fixed Cost is Rs.50000 at which capacity level the cost per unit would be minimum.
Q18 | The profit volume ratio (P/V Ratio)
Q19 | The Break-Even Point sales are
Q20 | The Variable Cost in 2018 are
Q21 | The Fixed Cost are
Q22 | If projected sales in the year 2020 to be Rs.6500000 find out the corresponding profit
Q23 | Balance sheet indicates the financial status of the business ____.
Q24 | __do not give the returns during the same period during which they are paid for
Q25 | Following is (are) called the element(s) of Cost
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