Home » MCQs » Managerial Accounting Multiple Choice Questions#14



Note: Select the correct choice of a question by clicking on it
Show Answers


1 Assumes that Normal loss is estimated at 5% of total input, 100 kg input put into a process and got 100 kg output. What is the value of Abnormal loss or gain?
5 kg abnormal loss
10 kg abnormal loss
5 kg abnormal gain
10 kg abnormal gain
2 Which of the following is correct regarding units sold?
Units Sold = Opening finished units + Ending finished units – Units produced
Units sold = Opening finished units + Units produced – Ending finished units
Units sold = Opening finished units - Units produced + Ending finished units
Units sold = Opening finished units - Units produced – Ending finished units
3 Which one of the following values is wrong for correlation coefficient?
0
+0.9
-0.9
+1.1
4 Marginal costing approach considers fixed manufacturing overhead as:
Product cost
Marginal cost
Period cost
Variable cost
5 What is generally the first step in the preparation of a master budget?
Preparing a cash budget
Preparing a budget income statement
Preparing a sales forecast
6 Identify the type of Telephone cost wherein line rent is fixed and variable charges are paid for the duration of calls made over a period of time
Fixed cost
Step fixed cost
Variable cost
Semi variable cost
7 Which of the should be a revenue center?
Workshop in a factory
Factory outlet
Packaging department
Assembly line for cars
8 The point at which total ordering cost is equal or almost equal to total carrying cost of goods is referred to as:
Minimum stock level
Maximum stock level
ECQ or Economic ordering quantity
Reorder level
9 Identity the correct formula for Order level or Re-order level
Maximum Consumption x Lead Time (maximum)
Maximum Consumption x Lead Time (Minimum)
Minimum Consumption x Lead Time (maximum)
Minimum Consumption x Lead Time (Minimum)
10 Which of the following should be classified as a production cost incurred by a manufacturing company?
Commission & Bonus pay to salesman
Office administration expenses
Promotional and advertisement expenses
Wages & Salaries to the workers that pack and inspect goods


No. of questions you got right on this page:
0
out of 10, Success Rate:
0%
Reset All