Q. Responsibility Accounting is also called ……………. Accounting
✅ Correct Answer: (A)
profitability
Accounting for Management MCQs and Notes
Q. Variable cost ratio is 60% Sales Rs.20000 and fixed cst Rs.5000, then profit will be ……..
✅ Correct Answer: (C)
3000
Q. Fixed costs Rs.6000, Profit required Rs.4000 and P/v ratio is 50% , then sales required will be………….
✅ Correct Answer: (D)
20000
Q. When profit is Rs.5000 and P/v ratio is 20% , Margin of safety is…………
✅ Correct Answer: (B)
25000
Q. When fixed costs are Rs.4000 and P/v ratio is 25%, then break even point will be …………..
✅ Correct Answer: (C)
16000
Q. When sales are Rs.30000 and P/V ratio is 20% then contribution will be….
✅ Correct Answer: (C)
6000
Q. When fixed cost is deducted from contribution, the balance will be ……….
✅ Correct Answer: (B)
profit
Q. Marginal cost is the aggregate of prime cost and ……………….
✅ Correct Answer: (B)
variable overheads
Q. The ratio of contribution to ……………. Is called P/V ratio
✅ Correct Answer: (B)
sales
Q. At Break even point contribution will be equal to …………….
✅ Correct Answer: (B)
fixed cost