Vidyalelo
Management · all questions

Management Accounting
practice.

Practice every MCQ with options. Use Show answers when you want the correct option and solution.

482

Questions

10/25

Page

Pick an option on a question to see the right answer and solution.

Static budget variance for operating income is added in to static budget amount to calculate

Select an option to see the answer and solution.

In management control, point of reference for making comparisons of performance is

Select an option to see the answer and solution.

In budget hierarchy, material handling cost is

Select an option to see the answer and solution.

If actual payment to labour is 1000, then labour price variance would be

Select an option to see the answer and solution.

An expected performance of company is also known as

Select an option to see the answer and solution.

Determined price at which company expects to pay for every single unit is called

Select an option to see the answer and solution.

If actual result is 35000, then static budget amount will be

Select an option to see the answer and solution.

Consideration of increased operating income relative to budgeted amount is classified as

Select an option to see the answer and solution.

If an actual price of material is 900, then the

Select an option to see the answer and solution.

In costing and budgeting hierarchy, an example of product sustaining cost is

Select an option to see the answer and solution.

If actual input quantity is 300 units and budgeted input quantity is 100 units, then efficiency variance will be

Select an option to see the answer and solution.

Cost allocation base used by an operating manager is classified as

Select an option to see the answer and solution.

Difference between actual variable overhead cost and flexible budget variable overhead amount is termed as

Select an option to see the answer and solution.

Costing technique, which traces direct costs by multiplying price rate for producing actual outputs is known as

Select an option to see the answer and solution.

An energy, machine maintenance, indirect materials and engineering support are considered as

Select an option to see the answer and solution.

Budget, which highlights difference between actual quantity and budgeted quantity is termed as

Select an option to see the answer and solution.

A company must eliminate all those activities that do not add value to all products or services in planning of

Select an option to see the answer and solution.

If flexible budget amount is 25000, then actual costs incur will be

Select an option to see the answer and solution.

Flexible budget amount is added in to variable overhead flexible budget variance to calculate

Select an option to see the answer and solution.

In standard costing, standard quantity allocation is multiplied to standard overhead rates for allocating

Select an option to see the answer and solution.