Home » MCQs » Managerial Accounting Multiple Choice Questions#19



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1 In which of the following responsibility centers the manger is accountable for revenues, costs and assets?
Cost center
Investment center
Revenue center
Profit center
2 Material purchased or purchases of raw material is equal to:
Material consumed – Material closing stock + Material opening stock
Material consumed + Material closing stock + Material opening stock
Material consumed + Material closing stock - Material opening stock
Material consumed - Material closing stock - Material opening stock
3 Which of the following inventory maintenance systems is the most appropriate for precious materials?
Perpetual inventory system
Periodic inventory system
4 Which of the following is an unavoidable cause of labor turnover?
Poor working conditions
Retirement of workers
Bad relationship with fellow workers
Insufficient housing and medical facilities
5 In accounting, recoverable value is the higher of:
NRV and Replacement value of an asset
Replacement and deprival value of an asset
NRV and deprival value of an asset
Value in use and NRV of an asset
6 “Contribution margin less controllable fixed cost” is used to:
Assess the performance of a segment
Assess the performance of a segment’s manager
Assess the uncontrollable fixed cost proportion in relation to the contribution
Assess the real contribution margin
7 Which of the following does not appear on the balance sheet of a manufacturing company?
Finished goods inventory
Cost of goods manufactured
Work in process stock
Material inventory
8 Lubricants used occasionally in the process of production and untraceable in the product cost are classified as:
Direct material
Indirect material
Insignificant material
Raw material
9 Which one of the following cost classifications is not normally considered in decision-making?
Relevant and irrelevant costs
Fixed and variable costs
Avoidable and unavoidable costs
Direct and indirect costs
10 Direct material total variance is divided into:
Direct material usage & Direct material quantity variances
Direct material usage & Direct material efficiency variances
Direct material usage & Direct material production variances
Direct material usage & Direct material price variances


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