Accounting for Management MCQs and Notes

Home / Faculty / Accounting for Management / 1

Accounting for Management

Q 1. Sales commissions are classified as

(A) prime costs

(B) period costs

(D) indirect labour

Q 2. Which of the following is not an internal user of management information?

(A) creditor

(B) department manager

(D) treasurer

Q 3. Managerial accounting information is generally prepared for

(A) shareholders

(B) creditors

(D) regulatory agencies

Q 4. Which of the following is a period cost?

(A) direct materials

(B) indirect materials

(D) administrative expenses

Q 5. A 'product' cost is a cost that is classified by:

(A) behaviour

(B) function

(D) relevance

Q 6. A 'direct' cost is a cost that is classified by:

(A) behaviour

(B) traceability

(D) relevance

Q 7. A cost which changes in proportion to changes in volume of activity is called

(A) fixed cost

(B) controllable cost

(D) opportunity cost

Q 8. The three basic elements of the cost of a manufactured product are:

(A) indirect materials, indirect labour, and manufacturing overhead

(B) merchandise inventory, work in process, and finished goods inventory

(D) direct materials, direct labour, and manufacturing overhead

Q 9. Which of the following are basic inventories for a manufacturer?

(A) indirect materials, goods in process, and raw materials

(B) finished goods, raw materials, and direct materials

(D) raw materials, factory overhead, and direct labour

Q 10. Which of the following is not true?

(A) managerial accounting information is prepared for internal users

(B) managerial accounting information is not required by various laws

(D) the structure of managerial accounting practice is relatively flexible

Previous
1
2
3
4
5
....
Last
Next

Accounting for Management

Q 1. Sales commissions are classified as

Q 2. Which of the following is not an internal user of management information?

Q 3. Managerial accounting information is generally prepared for

Q 4. Which of the following is a period cost?

Q 5. A 'product' cost is a cost that is classified by:

Q 6. A 'direct' cost is a cost that is classified by:

Q 7. A cost which changes in proportion to changes in volume of activity is called

Q 8. The three basic elements of the cost of a manufactured product are:

Q 9. Which of the following are basic inventories for a manufacturer?

Q 10. Which of the following is not true?

More Faculties

Civil Procedure Code and Limitation Act

Corporate Regulations

J2EE Technologies

Bihar GK

Human Physiology

Bihar GK (English Language MCQs)

Banking Services Management (BSM)

Income Tax Law and Practices

Direct Tax

Banking and Finance 3