Cost and Management Accounting MCQ
Mumbai University M.com Part 1 All Subject MCQ Link In One Link
51 Material expenses are_______
A. Variable
Cost
B. Semi-Variable
C. Cost
Fixed Cost
D. Cost
ANS: A
52 Margin of Safety _______
A. Sales
ANS: BEP
B. Profit/Contribution
pu
C. Fixed
Cost/Contribution pu
D. Sales
– Profit
ANS: B
53 Margin of Safety _______
A. Sales
- Break Even Point
B. Fixed
Cost/Contribution pu
C. Profit
X Contribution pu
D. Profit
+ Break Even Point
ANS: A
54 Profit is __________ if Sales 800000
and Profit Volume Ratio is 50% & Fixed Cost is 150000
A. 450000
B. 350000
C. 250000
D. 150000
ANS: C
55 BEP 300000 & MOS 900000 then Sales
are ___________
A. 1000000
B. 1200000
C. 600000
D. 800000
ANS: B
56 Budget is NOT ________
A. Futuristic
B. Goal
Based
C. Based
on Estimates
D. Focusing
to the past events
ANS: D
57 Cash Budget is ______
A. Master
Budget
B. Functional
Budget
C. Flexible
Budget
D. Fixed
Budget
ANS: A
58 Production cost budget shows
A. Budgeted
cost of sales
B. Budgeted
cost of production
C. Budgeted
purchases
D. Budgeted
capacity
ANS: B
59 The budget which is dynamic is
A. Cash
budget
B. Flexible
budget
C. Fixed
Budget
D. Sales
budget
ANS: B
60 Profit volume ratio establishes the
relationship between _______
A. Contribution
and profit
B. Fixed
cost and contribution
C. Profit
and sales
D. Contribution
and sales volume
ANS: D
61 Contribution/sales is equal to _______
A. Profit
Volume Ratio
B. Net
Profit Ratio
C. Break
Even Point
D. Margin
of Safety
ANS: A
62 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 1
A. Marginal
cost
B. Prime
cost
C. Sales
Cost
D. Works
Cost
ANS: A
63 The affecting factor which is not
allowing to produce more than a limit set is ________
A. Key
Factor
B. Production
Factor
C. X
Factor
D. Factor
ANS: A
64 Product/Projectable Mix is the
combination of production to increase _____
A. Market
Share
B. Profit
C. Sales
D. Turnover
ANS: B
65 Variances are calculated in
________
A. Marginal
Costing
B. Budgets
C. Standard
Costing
D. Absorption
Costing
ANS: C
66 To determine utilization of spare
capacity ________ is used.
A. Absorption
Costing
B. Budgets
C. Standard
Costing
D. Marginal
Costing
ANS: D
67 To plan whether to make or buy ________
is applied
A. Marginal
Costing
B. Budgets
C. Standard
Costing
D. Absorption
Costing
ANS: A
68 Using marginal costing unit with lowest
profits will be ________
A. Continued
B. Discontinued/shutdown
C. Planned
D. Focused
ANS: B
69 _________ is NOT a type of budget
A. Fixed
Budget
B. Master
Budget
C. Long
Term Budget
D. Excess
Budget
ANS: D
70 The term standard cost refers to the
____________
A. standard
expenses of standard production
B. actual
expenses of standard production
C. standard
expenses of actual production
D. actual
expenses of actual production
ANS: A
71 The term standard cost for actual
production refers to the ____________
A. standard
expenses of standard production
B. actual
expenses of standard production
C. standard
expenses of actual production
D. actual
expenses of actual production
ANS: C
72 The unit of cost for hotels in
operating costing is
A. Per
Visitor
B. Per
Km
C. Per
kg.
D. Per
cup of tea
ANS: D
73 The unit of cost for goods transport
companies in operating costing is
A. Per
Unit
B. Per
Passenger km
C. Per
ton
D. Per
Ton km
ANS: D
74 The unit of cost for hospitals in
operating costing is
A. Per
bed
B. Per
ton
C. Per
km
D. Per
Unit
ANS: A
75 Operating costing is NOT applicable
to
A. Transport
companies
B. Hospitals
C. Hotels
D. Manufacturing
Companies
ANS: D
Cost and Management Accounting
1. https://www.mumbaiuniversityidol.com/2021/05/advance-cost-accounting-mcom-paer-1-mcq.html
2. https://www.mumbaiuniversityidol.com/2021/05/mumbai-university-idol-mcq-pdf-idol.html
1. https://www.surajpateleducation.com/2020/11/advanced-cost-accounting-mcom-part-1.html
2. https://www.surajpateleducation.com/2020/11/advanced-cost-accounting-mcom-paer-1.html
3. https://www.surajpateleducation.com/2020/11/advanced-cost-accounting-mcom-paer-1_28.html
Business Economics
1. https://www.mumbaiuniversityidol.com/2021/05/mcom-part-1-economics-mcq-pdf-economics.html
2. https://www.mumbaiuniversityidol.com/2021/06/mumbai-university-idol-economics-mcom.html
1. https://www.surajpateleducation.com/2021/05/economics-of-global-trade-finance-mcom.html
2. https://www.surajpateleducation.com/2021/10/business-economics-mcq-pdf.html
Strategic Management
1. https://www.mumbaiuniversityidol.com/2021/05/strategic-management-mcom-part-1-mcq-pdf.html
2. https://www.mumbaiuniversityidol.com/2021/05/mcom-part-1-strategic-management-mcq.html
1. https://www.surajpateleducation.com/2020/11/strategic-management-mcom-part-1.html
2. https://www.surajpateleducation.com/2020/11/strategic-management-mcom-part-1-mcq-pdf.html
3. https://www.surajpateleducation.com/2021/01/strategic-management-mcom-part-1.html
If You Need Most Importance MCQ PDF All Subject Question Bank Than Pay Per Subject Rs 100 Only
Contact 8652719712 / 8779537141
Telegram Group
M.A EXAM :- https://t.me/mastudentsexam
YouTube Channel