Q. Under marginal costing, ……… Costs are regarded as costs of the products.
✅ Correct Answer: (A)
variable costs
Accounting for Management MCQs and Notes
Q. Marginal costing is a …………… of costing
✅ Correct Answer: (C)
technique
Q. …………cost is defined as the aggregate of variable costs or prime costs plus variable overheads.
✅ Correct Answer: (B)
marginal cost
Q. ………. Is the increase or decrease in total cost which results from producing or selling additional or fewer units of a product or from a change in the method of production or distribution such as the use of improved machinery, addition or exclusion of a product or territory or selection of an additional sales channel.
✅ Correct Answer: (B)
marginal cost
Q. ………….cost represents the amount of any given volume of output by which aggregate costs are changed if the volume of output is increased by one unit.
✅ Correct Answer: (B)
marginal cost
Q. The essence of marginal costing is that ……………… cost is considered on the whole as separate.
✅ Correct Answer: (A)
fixed
Q. Which among the following is not an example of cash flow from operating activities ?
✅ Correct Answer: (D)
cash receipts from disposal of fixed assets
Q. Which among the following are examples of cash flow from operating activities ?
✅ Correct Answer: (D)
all of these
Q. Flow of cash is said to have taken place when any transactions makes changes in the amount of ………….before happening of the transactions.
✅ Correct Answer: (C)
both of these
Q. ………are short term , highly liquid investments that are readily convertible into known amounts of cash and which are subject to an insignificant risk of changes in value.
✅ Correct Answer: (A)
cash equivalents