Management Accounting MCQs
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Q 41. A document which provides for the detailed cost centre and cost unit is _______.
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Q 42. A department makes a product whose contribution per unit is £1,000, and which takes 20 hours machine time. A component used in this product with a marginal cost of £300 (taking 5 hours of machine time) could be purchased from an external supplier. The department is working at full capacity. What is the maximum price that the company may pay to buy the component from an external supplier?
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Q 43. Long Term Solvency is indicated by:
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Q 44. Which of the following is an example of Semi-Variable Costs
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Q 45. The Carl Care Company established the following direct labour cost standards for one unit of product Z:
•Standard hours: 1.5 hours
•Standard rate: $20 per hour
•Standard cost: $30 (1.5 hours @ $20 per hour)
During the month of July, 20,000 direct labour hours were worked, and 12,500 units of
product Z were manufactured. The total wages related to direct labour in July were
$405,000. The direct labour rate variance for July was:
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Q 46. Which of the below is an Accounting Concept
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Q 47. Determine Contribution if Fixed cost is Rs 50,000 and loss is Rs 20,000.
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Q 48. In case of other enterprises cash flow arising from interest paid should be classified as cash flow from ________ while dividends and interest received should be stated as cash flow from ____.
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Q 49. Which of the following statements are true?
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Q 50. If total cost of 100 units is Rs 5000 and those of 101 units is Rs. 5030 then increase of Rs. 30 in total cost is
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