Management Accounting MCQ Quiz in मराठी - Objective Question with Answer for Management Accounting - मोफत PDF डाउनलोड करा
Last updated on Apr 6, 2025
Latest Management Accounting MCQ Objective Questions
Top Management Accounting MCQ Objective Questions
Management Accounting Question 1:
If the fair value of an investment property cannot be reliably measured, how should it be recognised?
Answer (Detailed Solution Below)
Management Accounting Question 1 Detailed Solution
Correct Answer: C
Explanation:
The cost model under IAS 40 requires the property to be measured in accordance with IAS 16.
Management Accounting Question 2:
Under which of the following labour remuneration methods will direct labour cost always be a variable cost?
Answer (Detailed Solution Below)
Management Accounting Question 2 Detailed Solution
Correct Answer: B
Explanation:
Under the piece rate system, workers are paid per unit produced. This means:
-
The more units produced, the higher the pay.
-
If no work is done, no wages are paid.
-
Therefore, direct labour cost varies directly with output, making it a pure variable cost.
Management Accounting Question 3:
The number of daily complaints to a local government office has:
- Mean = 12
- Standard Deviation = 3
What is the coefficient of variation as a percentage?
Answer (Detailed Solution Below)
Management Accounting Question 3 Detailed Solution
Correct Answer: A
Explanation:
Coefficient of variation=(Standard deviation/mean) x 100 = (3/12) x 100 = 25
Management Accounting Question 4:
Identify whether the following statements about the uses of Big Data analytics in organisations are true or false:
1. It helps to better understand customer behaviour and preferences.
2. It helps to analyse the efficiency of business processes in real time.
Answer (Detailed Solution Below)
Both 1 and 2 are True
Management Accounting Question 4 Detailed Solution
Correct Answer: A
Explanation:
One of the main uses of BigData analytics is to help understand customers. Being able to process BigData means that business processes can be analysed in real time.
Management Accounting Question 5:
A company using the FIFO process costing method had:
Opening WIP: 300 units, 60% complete, valued at $1,710
Units completed and transferred out: 2,000 units
Cost per equivalent unit (for the current period): $10
What is the total value of the 2,000 units transferred to finished goods?
Answer (Detailed Solution Below)
Management Accounting Question 5 Detailed Solution
Correct Answer: A
Explanation:
| Description | Amount ($) |
|---|---|
| Opening WIP (carried value) | 1,710 |
| Completion of 300 units (300 × 40% × $10) | 1,200 |
| 1,700 units @ $10 | 17,000 |
| Total value of 2,000 units transferred | 19,910 |
Management Accounting Question 6:
A company always determines its raw material order quantity using the Economic Order Quantity (EOQ) model.
What would be the effect on EOQ and the total annual holding cost if the cost of ordering a batch of raw material decreases?
Answer (Detailed Solution Below)
Management Accounting Question 6 Detailed Solution
Correct Answer: D
Explanation:
A decrease in the ordering cost would reduce the EOQ (as smaller quantities could now be ordered) and also the holding cost (as lower inventories would be kept)
Management Accounting Question 7:
A factory consists of two production cost centres (P and Q) and two service cost centres (X and Y). The allocated and apportioned overheads are:
| Cost Centre | Overhead ($) |
|---|---|
| P | 95,000 |
| Q | 82,000 |
| X | 46,000 |
| Y | 30,000 |
The service cost centre overheads are to be reapportioned as follows:
X: 50% to P, 50% to Q
Y: 30% to P, 60% to Q, 10% to X
What is the total overhead for production cost centre P after reapportionment?
Answer (Detailed Solution Below)
Management Accounting Question 7 Detailed Solution
Correct Answer: D
Explanation:
Management Accounting Question 8:
Using an interest rate of 10% per year, the net present value (NPV) of a project has been correctly calculated as $50. If the interest rate is increased by 1%, the NPV falls by $20.
What is the internal rate of return (IRR) of the project?
Answer (Detailed Solution Below)
Management Accounting Question 8 Detailed Solution
Correct Answer: C
Explanation:
Management Accounting Question 9:
ABC Co has a manufacturing capacity of 10,000 units. The flexed production cost budget is:
At 60% capacity: $11,280
At 100% capacity: $15,120
What is the budgeted total production cost if the company operates at 85% capacity?
Answer (Detailed Solution Below)
Management Accounting Question 9 Detailed Solution
Correct Answer: B
Explanation:
Management Accounting Question 10:
A company’s operating costs are 60% variable and 40% fixed.
Which of the following variances' values would change if the company switched from standard marginal costing to standard absorption costing?
Answer (Detailed Solution Below)
Management Accounting Question 10 Detailed Solution
Correct Answer: C
Explanation:
When switching from marginal costing to absorption costing, only the sales volume variance is affected because under absorption costing it includes fixed production overhead, whereas in marginal costing it does not.
Other variances (e.g., material or overhead efficiency) are based on physical usage or rates, not the costing method.