Q. Stock control through stock levels and EOQ is called .
✅ Correct Answer: (B)
perpetual inventory system.
Cost and Management Accounting (CMA) MCQs and Notes
Q. Material requisition is meant for .
✅ Correct Answer: (B)
supply of material from stores.
Q. Material control involves .
✅ Correct Answer: (C)
purchase of material.
Q. If selling price is Rs. 25,000 and profit is Rs. 5,000 then what is the percentage of profit on cast?
✅ Correct Answer: (B)
25%.
Q. 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?
✅ Correct Answer: (B)
Rs. 4,75,000.
Q. In production budget opening stock is deducted with .
✅ Correct Answer: (B)
sales.
Q. In production budget closing stock is added with .
✅ Correct Answer: (B)
sales.
Q. Expected sales + desired closing stock – estimated opening stock = .
✅ Correct Answer: (A)
Expected production.
Q. The budget said as ‘resource planning’ and ‘redeployment process’ is .
✅ Correct Answer: (A)
Zero base budgeting.
Q. The budget which reviews a programme or project from ‘scratch’ is
✅ Correct Answer: (C)
Zero base budgeting.