Cost And Management Accounting 615a Multiple Choice Questions-Books Pdf

Cost and Management Accounting 615A Multiple Choice Questions
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WWW COMMERCEPK COM, 6 Process costing is suitable for. A hospitals, B oil reefing firms, C transport firms. D brick laying firms, 7 Cost classification can be done in. A two ways, B three ways, C four ways, D several ways. 8 Costing refers to the techniques and processes of. A ascertainment of costs, B allocation of costs, C apportion of costs.
D distribution of costs, 9 Cost accounting was developed because of the. A limitations of the financial accounting, B limitations of the management accounting. C limitations of the human resource accounting, D limitations of the double entry accounting. 10 Multiple costing is a technique of using two or more costing methods for ascertainment of cost by. A the same firm, B the several firms, C the same industry. D the several industries, 11 Wages paid to a labour who was engaged in production activities can be termed as.
A direct cost, B indirect cost, C sunk cost, http www commercepk com mcqs complete solved multiple choice question with answer key. WWW COMMERCEPK COM, D imputed cost, 12 The cost which is to be incurred even when a business unit is closed is a. A imputed cost, B historical cost, C sunk cost, D shutdown cost. http www commercepk com mcqs complete solved multiple choice question with answer key. WWW COMMERCEPK COM, 13 Classification of cost is useful. A to find gross profit, B to find net profit, C to identify costs.
D to identify efficiency, 14 Elements of costs are. A three types, B four types, C five types, D seven types. 15 Direct expenses are also called, A major expenses. B chargeable expenses, C overhead expenses, D sundry expenses. 16 Indirect material used in production is classified as. A office overhead, B selling overhead, C distribution overhead.
D production overhead, 17 Warehouse rent is a part of. A prime cost, B factory cost, C distribution cost, D production cost. 18 Indirect material scrap is adjusted along with, A prime cost. http www commercepk com mcqs complete solved multiple choice question with answer key. WWW COMMERCEPK COM, B factory cost, C labour cost, D cost of goods sold. 19 Which one of the following is not considered for preparation of cost sheet. A Factory cost, B Goodwill written off, C Selling cost.
http www commercepk com mcqs complete solved multiple choice question with answer key. WWW COMMERCEPK COM, D Labour cost, 20 Sale of defectives is reduced from. A prime cost, B works cost, C cost of production, D cost of sales. 21 Tender is an, A estimation of profit, B estimation of cost. C estimation of selling price, D estimation of units. 22 Cost of sales plus profit is, A selling price, B value of finished product.
C value of goods produced, D value of stocks, 23 Prime cost includes. A direct materials direct wages and indirect expenses. B indirect materials and indirect labour and indirect expenses. C direct materials direct wages and direct expenses. D direct materials indirect wages and indirect expenses. 24 Total of all direct costs is termed as, A prime cost. B works cost, C cost of sales, D cost of production. 25 Depreciation of plant and machinery is a part of. http www commercepk com mcqs complete solved multiple choice question with answer key. WWW COMMERCEPK COM, A factory overhead, B selling overhead. C distribution overhead, D administration overhead.
26 Audit fess is a part of, A works on cost, B selling overhead. http www commercepk com mcqs complete solved multiple choice question with answer key. WWW COMMERCEPK COM, C distribution overhead, D administration overhead. 27 Counting house salary is part of, A factory overhead. B selling overhead, C distribution overhead, D administration overhead. 28 Factory overhead can be charged on the basis of. A material cost, B labour cost, C prime cost, D direct expenses.
29 Office and administrative expenses can be charged on the basis of. A material cost, B labour cost, C prime cost, D factory cost. 30 Selling and distribution expenses can be charged on the basis of. A material cost, B labour cost, C prime cost, D factory cost. 31 The ratios which reflect managerial efficiency in handling the assets is. A turnover ratios, B profitability ratios, C short term solvency ratio. D long term solvency ratio, http www commercepk com mcqs complete solved multiple choice question with answer key. WWW COMMERCEPK COM, 32 The ratios which reveal the final result of the managerial policies and performance is.
A turnover ratios, B profitability ratios, C short term solvency ratio. D long term solvency ratio, 33 Return on investment is a. A turnover ratios, http www commercepk com mcqs complete solved multiple choice question with answer key. WWW COMMERCEPK COM, B short term solvency ratio, C profitability ratios. D long term solvency ratio, 34 Net profit ratio is a.
A turnover ratio, B long term solvency ratio, C short term solvency ratio. D profitability ratio, 35 Stock turnover ratio is a. A turnover ratio, B profitability ratio, C short term solvency ratio. D long term solvency ratio, 36 Current ratio is a, A short term solvency ratio. B long term solvency ratio, C profitability ratio, D turnover ratio.
37 Proprietary ratio is a, A short term solvency ratio. B long term solvency ratio, C profitability ratio, D turnover ratio. 38 Fixed assets ratio is a, A short term solvency ratio. B long term solvency ratio, C profitability ratio, D turnover ratio. http www commercepk com mcqs complete solved multiple choice question with answer key. WWW COMMERCEPK COM, 39 Fixed assets turnover ratio is a.
A short term solvency ratio, B long term solvency ratio. C profitability ratio, D turnover ratio, 40 The ratio which measures the profit in relation to capital employed is known as. http www commercepk com mcqs complete solved multiple choice question with answer key. WWW COMMERCEPK COM, A return on investment, B gross profit ratio. C operating ratio, D operating profit ratio, 41 The ratio which determines the profitability from the shareholder s point of view is. A return on investment, B gross profit ratio, C return on shareholders funds.
D operating profit ratio, 42 Return on equity is also called. A return on investment, B gross profit ratio, C return on shareholders funds. D return on net worth, 43 Preliminary expenses is an example of. A fixed assets, B current assets, C fictitious assets. D current liabilities, 44 Prepaid expenses is an example of.
A fixed assets, B current assets, C fictitious assets. D current liabilities, 45 The ratio which is calculated to measure the productivity of total assets is. A return on equity, B return on share holders funds. C return on total assets, D return on equity share holders funds. http www commercepk com mcqs complete solved multiple choice question with answer key. WWW COMMERCEPK COM, 46 The ratio which shows the proportion of profits retained in the business out of the current year s profits.
A retained earnings ratio, B pay out ratio, C earnings per share. D price earnings ratio, http www commercepk com mcqs complete solved multiple choice question with answer key. WWW COMMERCEPK COM, 47 The ratio which indicates earnings per share reflected by the market price is. A retained earnings ratio, B pay out ratio, C earnings per share. D price earnings ratio, 48 The ratio establishes the relationship between profit before interest and tax and fixed interest charges.
A interest cover ratio, B fixed dividend cover ratio. C debt service coverage ratio, D dividend yield ratio. 49 The ratio shows the preference dividend as a proportion of profit available for shareholders is. A interest cover ratio, B fixed dividend cover ratio. C debt service coverage ratio, D dividend yield ratio. 50 The dividend is related to the market value of shares in. A interest cover ratio, B fixed dividend cover ratio.
C debt service coverage ratio, D dividend yield ratio. 51 Turnover ratio is also known as, A activity ratios. B solvency ratios, C liquidity ratios, D profitability ratios. 52 Inventory or stock turnover ratio is also called. http www commercepk com mcqs complete solved multiple choice question with answer key. WWW COMMERCEPK COM, A stock velocity ratio, B debtors velocity ratio. C creditors velocity ratio, D working capital turnover ratio.
53 Which ratio is calculated to ascertain the efficiency of inventory management in terms of capital. investment, A stock velocity ratio, http www commercepk com mcqs complete solved multiple choice question with answer key. 9 Cost accounting was developed because of the A limitations of the financial accounting B limitations of the management accounting C limitations of the human resource accounting D limitations of the double entry accounting ANSWER A 10 Multiple costing is a technique of using two or more costing methods for ascertainment of

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