Cost and Management Accounting (CMA) MCQs

R

Ram Sharma • 193.72K Points
Coach

Q 11. The document which is prepared after receiving and inspecting material .

(A) material record note.
(B) goods received note.
(C) bill of material.
(D) inventory record.

S

Shiva Ram • 26.25K Points
Instructor II

Q 12. EOQ stands for .

(A) Economic Order Quantity.
(B) Essential Order Quantity.
(C) Economic Output Quantity.
(D) Essential Output Quantity.

A

Admin • 32.68K Points
Instructor I

Q 13. Material is issued by store keeper against.

(A) material requisition.
(B) material order.
(C) goods received note.
(D) purchase requisition.

V

Vijay Sangwan • 24.10K Points
Instructor III

Q 14. Scrap is .

(A) residue of material.
(B) wastage of material.
(C) surplus material.
(D) abnormal loss of material.

P

Praveen Singh • 32.26K Points
Instructor I

Q 15. Average method of pricing the material issues is useful when .

(A) material prices are rising.
(B) material prices are falling.
(C) material prices are constant.
(D) material prices are fluctuating.

G

Gopal Sharma • 34K Points
Instructor I

Q 16. LIFO method of pricing of materials is more suitable when.

(A) material prices are rising.
(B) material prices are falling.
(C) material prices are constant.
(D) material prices are fluctuating.

R

Ranjeet • 30.31K Points
Instructor I

Q 17. FIFO is .

(A) Fast Investment in Future Order.
(B) First In First Out.
(C) Fast In Fast Out
(D) Fast Issue Of Fast Order.

G

Gopal Sharma • 34K Points
Instructor I

Q 18. Perpetual inventory system involves .

(A) bincard and stores ledger.
(B) bill of material and material requisition.
(C) purchase requisition and purchase order.
(D) inward and outward invoices.

V

Vijay Sangwan • 24.10K Points
Instructor III

Q 19. JIT inventory system is .

(A) . Just In Time.
(B) Just Inventory Time.
(C) Job In Time.
(D) Job Inventory Time.

V

Vijay Sangwan • 24.10K Points
Instructor III

Q 20. ABC analysis is .

(A) At Best Control.
(B) Always Better Control.
(C) Average better Control.
(D) All best control.

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