| 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 |
A. a-3, b-4, c-1, d-2
B. a-3, b-1, c-4, d-2
C. a-4, b-3, c-1, d-2
D. a-4, b-3, c-2, d-1
Answer: Option B
This Question Belongs to Management >> Management Accounting
A. resourcing
B. value acquiring
C. production
D. value acquaintance
Examining of past performance, exploring alternative and planning future is
A. learning
B. alternating
C. examining
D. deciding
Time that a company takes to create and produce a new product is classified as
A. management factor
B. time factor
C. customer factor
D. chain factor
Purpose of management accounting is to
A. past orientation
B. help banks make decisions
C. help managers make decisions
D. help investors make decision
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