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Management Accounting MCQ Questions and Solutions with Explanations | Management

Management Accounting MCQ Questions and answers with easy and logical explanations. Management provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Management MCQ is important for exams like MAT, CAT, CA, CS, CMA, CPA, CFA, UPSC, Banking and other Management department exam. Page-5 section-1

Each section contains 100 MCQs on Management Accounting .
41
Cost operations such as wages, salaries, depreciation, utilities and rent are summed together to calculate
Discuss
Answer & Solution
Answer: Option C
Solution:
Cost operations such as wages, salaries, depreciation, utilities and rent are summed together to calculate operating costs. Operating costs are expenses associated with the maintenance and administration of a business on a day-to-day basis.
42
Cost incur for defective products, after their shipment to customers is classified as
Discuss
Answer & Solution
Answer: Option B
Solution:
Cost incur for defective products, after their shipment to customers is classified as external failure costs. External failure costs are those costs incurred due to product failures after they have been sold to customers.
43
Quality aspect, that refers how well product fulfils customer demands, is classified as
Discuss
Answer & Solution
Answer: Option B
Solution:
Quality aspect, that refers how well product fulfils customer demands, is classified as design quality. Design quality is the value of a design to customers. Design is the root of all quality including the quality of products, services, experiences, systems and processes.
44
If number of employees who left job is 40, total number of employees are 200, then employee turnover ratio will be
Discuss
Answer & Solution
Answer: Option C
Solution:
If number of employees who left job is 40, total number of employees are 200, then employee turnover ratio will be 0.2.
Employee turnover ratio = Number of employees who left job ÷ Total number of employees
= 40 ÷ 200
= 0.2.
45
Fishbone diagram is an example of
Discuss
Answer & Solution
Answer: Option B
Solution:
Fishbone diagram is an example of cause and effect diagram. It is a more structured approach than some other tools available for brainstorming causes of a problem (e.g., the Five Whys tool). The problem or effect is displayed at the head or mouth of the fish.
46
Incurred costs to exclude production of goods, that do not meet specification, are called
Discuss
Answer & Solution
Answer: Option B
Solution:
Incurred costs to exclude production of goods, that do not meet specification, are called prevention costs. Preventive costs are any expenditures incurred that are intended to minimize the number of defects in products and services.
47
Number of employees who left company, divided by average number of employees to calculate ratio is called
Discuss
Answer & Solution
Answer: Option A
Solution:
Number of employees who left company, divided by average number of employees to calculate ratio is called employee turnover ratio. Employee turnover rate is calculated by dividing the number of employees who left the company by the average number of employees in a certain period in time.
48
Revenues are subtracted from cost of direct materials of sold goods is to calculate
Discuss
Answer & Solution
Answer: Option A
Solution:
Revenues are subtracted from cost of direct materials of sold goods is to calculate throughout contribution.
49
Carrying costs of inventories and price discounts related to delayed deliveries are examples of
Discuss
Answer & Solution
Answer: Option D
Solution:
Carrying costs of inventories and price discounts related to delayed deliveries are examples of financial measures. Financial measures or financial ratios are often used as very simple mechanisms to describe the performance of a business or investment.
50
Basic aspects of product quality must include the
Discuss
Answer & Solution
Answer: Option D
Solution:
Basic aspects of product quality must include the design quality and conformance quality. A product is known as a quality product only when it satisfies various criteria for its functioning for the consumer.