Accounting for Management MCQs and Notes
M
Q 21. The Profit/Volume ratio or marginal ratio expresses the relation of ………… to sales.
M
Q 22. Given sales = 150000, Fixed costs = 30000, Profit = 40000.The variable cost is………….
M
Q 23. In absorption costing, managerial decision making is based upon …………..
M
Q 24. ………………is the practice of charging all costs, both variable and fixed, to operations, processes, or products
M
Q 25. Marginal cost and differential cost are the same when ……..costs do not change with change in output
M
Q 26. …………..costs are the increase or decrease in total cost that result from producing additional or fewer units or from the adoption of an alternative course of action.
M
Q 27. ………………..cost remains constant per unit of output irrespective of the level of output and thus fluctuates directly in proportion to changes in the volume of output
M
Q 28. ………………..is the excess of sales over marginal cost of sales
M
Q 29. Under marginal costing, stocks of finished goods and work-in-process are valued at …………….. costs only
M
Q 30. Under marginal costing, …………… costs are treated as period costs and charged to profit and loss account for the period for which they are incurred
Download our easy to use, user friendly Android App from Play Store. And learn MCQs with one click.
