31. In the context of standard costing, baste standard is established for
32. Match the following.
List-I
List-II
a. Labour cost variance
1. Actual hours paid (Standard rate - Actual rate)
b. Labour rate variance
2. Standard cost - Actual cost
c. Efficiency variance
3. Idle hours × Standard rate per hour
d. Idle time variance
4. Standard rate (Standard hours - Actual hours worked)
| List-I | List-II |
| a. Labour cost variance | 1. Actual hours paid (Standard rate - Actual rate) |
| b. Labour rate variance | 2. Standard cost - Actual cost |
| c. Efficiency variance | 3. Idle hours × Standard rate per hour |
| d. Idle time variance | 4. Standard rate (Standard hours - Actual hours worked) |
33. Using the marginal costing method, contrtbution is equal to total sales revenue less
34. An increase in fixed costs will result, in which of the following?
35. Which of the following statement(s) is/are correct?
36. The standards that require peak efficiency and do not allow any work interruptions are known as
37. The main purpose of cost accounting is to
38. Which of the following are possible causes of material price variance?
1. Change in market price.
2. Use of poor quality of material.
3. Inefficient buying.
4. Untimely buying.
5. Paying overtime for urgent work.
6. Use of substitute material of different prices.
Select the correct answer:
1. Change in market price.
2. Use of poor quality of material.
3. Inefficient buying.
4. Untimely buying.
5. Paying overtime for urgent work.
6. Use of substitute material of different prices.
Select the correct answer:
39. What may be the principle budget factor in case of plant?
40. Marginal costing technique helps the management in deciding
Read More Section(Management Accounting)
Each Section contains maximum 100 MCQs question on Management Accounting. To get more questions visit other sections.