Multiple Choice Questions (MCQ) on Management Accounting

Multiple Choice Questions (MCQ) on Management Accounting

1-The following is (are) the indirect labour cost(s)

(A)Wages paid to storekeeper

(B) Salary of works manager

(C) Wages paid to gatekeeper

(D) All of the above

 

2- Question   Selling price per tonne is Rs. 69.50, variable cost per tonne is Rs. 35.50 and fixed cost is Rs. 18,02,000. Find out the BEP in units

(A) 49000

(B) 51000

(C) 53000

(D) 55000

 

3- Labour Efficiency Standards are decided by considering following factor(s) 

(A) Records of past performance

(B) Time & Motion Study

(C) Trial Runs

(D) All of the above

 

4- Balance sheet indicates the financial status of the business ____.

(A) For a day

(B) For a month

(C) For a year

(D) At given period

 

5- A good _____ system will not punish the workers for the matters beyond the control of the workers.

(A) Wage payment

(B) Appraisal

(C) Promotion

(D) None of the above

 

6- ________ do not give the returns during the same period during which they are paid for

(A) Intangible assets

(B) Fixed assets

(C) Both (A) and (B)

(D) None of the above

 

7- Following is (are) called the element(s) of Cost 

(A) Material

(B) Labour

(C) Expenses

(D) All of the above

 

8- The cause(s) of idle time can be analysed as

(A) Administrative causes

(B) Productive causes

(C) Economic causes

(D) All of the above

 

9-__________ Accounting becomes a source of information for Management Accounting.

(A) Financial

(B) Cost

(C) Both (A) and (B)

(D) None of the above

 

10- Profit and Loss Account debit side includes

(A) Salary

(B) Discount allowed

(C) Postage & telegram

(D) All of the above

 

ANSWERS:

1-(D), 2-(C), 3-(D), 4-(D), 5-(A), 6-(B), 7-(D), 8-(D), 9-(A), 10-(D)