Managerial accounting multiple choice questions and answers pdf
Questions and Answers - Journal - Ledger - CA CPT - CS & CMA Foundation - Class 11
Management Accounting MCQ Questions and Solutions with Explanations | Management
The test grade will not change regardless if he goes to the concert. XXX Accounts Payable B only be variable costs. Material consumed is Rs.They are treated the sa me as sunk costs since they relate to costs that ca nnot be changed? C III only. MCQ : Point at which the control functions and the planning of management come together is known as functioning variance variation deviation Answer B. Method B: Treat labor fringe benefits that relate to direct labor as additional direct labor cost and fringe benefits relating to indirect managerual as part of manufacturing overhead.
Opportunity costs are dollars given up or saved as a result of selecting one alte rnative. What was the cost of goods sold for the month. The following costs were incurred ldf February: Direct materials Variable costs may or may not be relevant.
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Chapter wise Multiple Choice Questions and Answers of Financial Accounting CMA JUNE 2018
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D Lost sales arising from a reputation for poor quality. Essential Order Quantity. Hartlie Company's quality cost report is to be based on the following data: Lost sales due to poor quality. B Cost of field servicing and handling complaints? Management control systems quiz has 16 multiple choice questions.
Page 1 of Which of the following is an exampl e of a sunk cost? Direct materials for products. Variable overhead for the current year. Equipment deprecia tion for last year.
Co mmon fixed costs are most oft en unavoidable so they are not incremental to the decision. D Accounts receivable was understated, not a ma ke or buy decision, and cost of goods sold was understated. The following information is taken from the records of CL Company for last year: Direct materials Answer C addresses a different incrementa l ajswers.
Managerial accounting is a branch of financial accounting and serves essentially the same purposes as financial accounting. The cost incurred to date is a su nk cost and is not relevant since it is the same no matter if the product is sold as is or processed further. Most often managreial d costs are not relevant.