Cost and Management Accounting (CMA) MCQs and Notes
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Q 1. Stock control through stock levels and EOQ is called .
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Q 2. Material requisition is meant for .
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Q 3. Material control involves .
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Q 4. If selling price is Rs. 25,000 and profit is Rs. 5,000 then what is the percentage of profit on cast?
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Q 5. Material consumed is Rs. 5,00,000 Opening stock of raw material is Rs. 50,000 and Closing stock of raw material is Rs. 25,000. What is the cost of raw material purchased?
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Q 6. In production budget opening stock is deducted with .
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Q 7. In production budget closing stock is added with .
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Q 8. Expected sales + desired closing stock – estimated opening stock = .
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Q 9. The budget said as ‘resource planning’ and ‘redeployment process’ is .
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Q 10. The budget which reviews a programme or project from ‘scratch’ is
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