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Management Accounting Quiz 12 (30 MCQs)

Quiz Instructions

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1. The person most likely to use management accounting information is a(n)
2. Calculate value of closing stock from the following:Opening stock of finished goods (500 units):Rs. 2, 000 Cost of production (10000 units):Rs. 50, 000 Closing stock (1000 units):?
3. Which is the determinants of Capital Structure?
4. Budgetary Control helps in implementation of
5. If the balance sheet of Maruthi Ltd is analysing by sunil a prospective investor to invest in shares of maruthi is ..... analysis
6. Interest and dividend received in cash flow from ..... Activities
7. Imputed cost is also know as .....
8. Controlling is the process of ensuring that management plan is successfully implemented.
9. Which is Fixed Cost?
10. Which of the following financial institutions typically have the highest fees?
11. If Liabilities are $ 15, 425 and Assets are $ 32, 350, how much is Capital?
12. The sources of finance can be broadly classified into two categories-Debt and .....
13. Working capital ratio is also known as:
14. Which one of the following statements is not true in relation to incomplete records?
15. Wyeco Ltd makes one product, which he sells at £55 per unit with the following costs:Variable direct materials £18 per unit Variable direct labour £12 per unit, Fixed overheads £180, 000 per year.What is the Break Even Point units?
16. The difference between actual sales and break even sales is
17. Operating ratio is calculated by
18. 1) Which of the following is correct about double entry system of accounting?
19. Tenant paid $ 300 for rent
20. Over-Absorption is Debited to the Overheads Control Accounts Credited to Profit and Loss Accounts
21. The difference between marginal costing profit and that of the absorption costing profit is usually the fixed cost included in the inventory valuation.
22. Management Accounting Focuses on External reporting
23. Total cost of a product:Rs. 10, 000 Profit:25% on Selling Price Profit is
24. The content of the management accounting explanatory report is provided by:
25. Financial accounting provides a historical perspective, whereas management accounting emphasizes
26. Outstanding expenses are part of .....
27. A responsibility center where managers are held responsible for both revenues and costs of the segment
28. Lee bought a printer for office use through an e-commerce website. He also paid for the cost of delivering the printer, maintenance for one year and printing paper. What would be included in Lee's income statement?
29. Which of these is the correct order for the accounting cycle?
30. There are 500 members in a club each paying ₹ .100 as annual subscription. Subscription due but not received for the current year is ₹ .200 Subscription received in advance is ₹ .300 find out the amount of subscription to be shown in the income and expenditure account .....
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