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This set of Management Accounting Multiple Choice Questions & Answers (MCQs) focuses on Management Accounting Set 23

Q1 | Profit-Volume ratio is also known as
Q2 | Which of the following statements are true?
Q3 | The P/V ratio can be improved by
Q4 | P/V ratio can be calculated on the basis of variable cost ratio as
Q5 | Sales for desired profit is measured as
Q6 | Margin of safety is equal to
Q7 | Angle of incidence is the angle at which
Q8 | Direct material cost + direct labor cost + other variable costs is equal to…
Q9 | The factor which limits the volume of output of different products of an understanding at a particular point of time is known as…
Q10 | The break even chart helps the management in…
Q11 | In management accounting, an emphasis and focus must be
Q12 | In financial accounting, investors, banks, suppliers and government agencies are classified as
Q13 | If the actual output is more than the budgeted output, volume variance is
Q14 | To get to labour efficiency variance, the formula to be applied is
Q15 | Which of the following is technique of financial statement analysis?
Q16 | For calculating trend percentages any year is selected as:
Q17 | If total cost of 100 units is Rs 5000 and those of 101 units is Rs. 5030 then increase of Rs. 30 in total cost is
Q18 | Which of the following statements are true?
Q19 | In case of other enterprises cash flow arising from interest paid should be classified as cash flow from ________ while dividends and interest received should be stated as cash flow from ____.
Q20 | Determine Contribution if Fixed cost is Rs 50,000 and loss is Rs 20,000.
Q21 | Which of the below is an Accounting Concept
Q22 | The Carl Care Company established the following direct labour cost standards for one unit of product Z:•Standard hours: 1.5 hours•Standard rate: $20 per hour•Standard cost: $30 (1.5 hours @ $20 per hour)During the month of July, 20,000 direct labour hours were worked, and 12,500 units ofproduct Z were manufactured. The total wages related to direct labour in July were$405,000. The direct labour rate variance for July was:
Q23 | Which of the following is an example of Semi-Variable Costs
Q24 | Long Term Solvency is indicated by:
Q25 | A department makes a product whose contribution per unit is £1,000, and which takes 20 hours machine time. A component used in this product with a marginal cost of £300 (taking 5 hours of machine time) could be purchased from an external supplier. The department is working at full capacity. What is the maximum price that the company may pay to buy the component from an external supplier?