61. Expenditure incurred on material, labour, machinery, production and inspection are summed up to find the
62. Marginal cost is computed as
63. Which of the following statement is not correct?
64. Which one of the following cost would not be termed as product cost?
65. When costing takes into account only the variable cost and not the full production cost we will be using
66. Match the following.
List-I
List-II
a. MCV
1. SP (RSQ - AQ)
b. MPV
2. SP (SQ - AQ)
c. MUV
3. AQ consumed (SP - AP)
d. MMV
4. SC - AC
List-I | List-II |
a. MCV | 1. SP (RSQ - AQ) |
b. MPV | 2. SP (SQ - AQ) |
c. MUV | 3. AQ consumed (SP - AP) |
d. MMV | 4. SC - AC |
67. Which of the following statement is incorrect?
68. Match the following.
List-I
List-II
a. Variable costing
1. Absorption costing
b. Valuation of stock is higher
2. Fixed cost is excluded from inventory valuation
c. Marginal and differential costs are same
3. Marginal costing
d. Marginal costing
4. No change in fixed cost
List-I | List-II |
a. Variable costing | 1. Absorption costing |
b. Valuation of stock is higher | 2. Fixed cost is excluded from inventory valuation |
c. Marginal and differential costs are same | 3. Marginal costing |
d. Marginal costing | 4. No change in fixed cost |
69. When calculating cost variances under a standard costing system we must
70. Fixed cost per unit decreases when
Read More Section(Management Accounting)
Each Section contains maximum 100 MCQs question on Management Accounting. To get more questions visit other sections.