Management Accounting Multiple Choice Questions (MCQ)
11- The following factor(s) affects the budgeted advertisement cost
(A) Percentage of profits
(B) Availability of funds
(C) Competitors policy
(D) All of the above
12- Balance sheet liability side includes
(A) Loan & advances
(B) Outstanding expenses
(C) Creditors
(D) All of the above
13-Following is (are) the monetary incentive(s).
(A) Safety services
(B) Education facility
(C) Job security
(D) All of the above
14- Following is (are) the replacement cost(s) of labour turnover.
(A) Cost of selection and placement
(B) increased spoilage and defectives
(C) Cost of personnel administration
(D) All of the above
15- The overhead is aggregate of
(A) Indirect labour cost, indirect material cost, Indirect Expenses
(B) Direct labour cost, indirect material cost, Indirect Expenses
(C) Indirect labour cost, direct material cost, Indirect Expenses
(D) Indirect labour cost, indirect material cost, Direct Expenses
16- This is one of the avoidable causes of labour turnover.
(A) Accident
(B) Poor Health
(C) Labour Relation
(D) Retirement
17- Standard Costing specifically relates to the function of
(A) Finance
(B) Production
(C) Quality
(D) None of the above
18- Balance sheet indicates the _____ & income from the business.
(A) Expenditure
(B) Profit
(C) Loss
(D) Assets
19- Following is (are) the special type of cost(s).
(A) Opportunity cost
(B) Differential cost
(C) Sunk cost
(D) All of the above
20- Labour Rate Variance occurs due to
(A) Change in wage structure
(B) Wage difference
(C) Use of different methods of payment
(D) All of the above
ANSWERS:
11-(D), 12-(D), 13-(D), 14-(D), 15-(A), 16-(C), 17-(B), 18-(A), 19-(D), 20-(D)