mcom part 1 cost and management accounting mcq PDF
M.Com Part 1 cost and management accounting mcq Click Here https://www.surajpateleducation.com/2021/05/mcom-part-1-mcq-mumbai-university-mcom.html 1 Contribution = A. Sales – Fixed Cost B. Sales – Profit C. Sales – Variable Cost D. Variable Cost + Fixed Cost ANS: C 2 Insurance of Factory Premises is _______ A. Semi-Variable Cost B. Fixed Cost C. Variable Cost D. Cost ANS: B 3 Machinery rent is dependent on production and different for first 2000 units, from 2000 to 5000 units and above 5000 units then this rent will be _____ A. Variable Cost B. Fixed Cost C. Semi-Variable Cost D. Cost ANS: C 4 Security charges paid are _______ A. Fixed Cost B. Variable Cost C. Semi-Variable Cost D. Cost ANS: A 5 Labour expenses are_______ A. Variable Cost B. Semi-Variable Cost C. Fixed Cost D. Cost ANS: A 6 Contribution – Profit A. Variable Cost B. Fixed Cost C. Sales D. Break Even Point ANS: B 7 Variable Cost is __________ if Sales 500000 and Profit Volume Ratio is 50% A. 450000 B. 350000 C. 250000 D. 150000 ANS: C 8 Margin of Safety 750000 Sales 1000000 then Break Even Point is ____________ A. 525000 B. 250000 C. 15000 D. 25000 ANS: B 9 Margin of Safety – 500000 & PVR = 40% then Profit = A. 300000 B. 400000 C. 2000000 D. 200000 ANS: D 10 Variable Cost = 4,00,000 PVR = 80% then Sales = A. 1000000 B. 320000 C. 2000000 D. 200000 ANS: C 11 Break Even Point is 100000 PVR = 10% then Fixed Cost = A. 1000000 B. 100000 C. 10000 D. 90000 ANS: C 12 Sales = 500000 Contribution = 3,00,000 then Variable Cost = A. 200000 B. 800000 C. 300000 D. 400000 ANS: A 13 Change in PVR = A. Contribution/Sales X 100 B. Change in Profit/Change in sales X 100 C. Change in Profit/Change in Sales D. Sales/Contribution X 100 ANS: B 14 Change in variable cost reflects in ___________ first A. Total Amount B. Per Unit C. Fixed Cost D. Total ANS: B 15 Change in fixed cost reflects in ___________ first A. Total Amount B. Per Unit C. Variable Cost D. Unit Cost ANS: A 16 Material Cost Variance Formula = A. Material Cost Variance B. (Standard Quantity of Material – Actual Quantity of Material used) X Standard Price of Material C. (Standard Price of Material X Standard Quantity of Material) – (Actual Price of Material X Actual Quantity of Material used) D. (Standard Price of Material – Actual Price of Material) X Actual Quantity of Material used ANS: C 17 Material Price Variance Formula = A. (Standard Price of Material – Actual Price of Material) X Actual Quantity of Material used B. (Standard Quantity of Material – Actual Quantity of Material used) X Standard Price of Material C. (Standard Price of Material X Standard Quantity of Material) – (Actual Price of Material X Actual Quantity of Material used) D. Material Price Variance ANS: A 18 Material Usage Variance Formula = A. (Standard Price of Material – Actual Price of Material) X Actual Quantity of Material used B. (Standard Quantity of Material – Actual Quantity of Material used) X Standard Price of Material C. (Standard Price of Material X Standard Quantity of Material) – (Actual Price of Material X Actual Quantity of Material used) D. Material Usage Variance ANS: B 19 Labour Efficiency Variance Formula = A. (Standard Rate of Labour – Actual Rate of Labour ) X Actual Labour Hours B. (Standard Labour Hours – Actual Labour Hours) X Standard Rate of Labour C. (Standard Rate of Labour X Standard Labour Hours) – (Actual Rate of Labour X Actual Labour Hours) D. Labour Efficiency Variance ANS: B 20 Labour Rate Variance Formula = A. (Standard Rate of Labour – Actual Rate of Labour ) X Actual Labour Hours B. (Standard Labour Hours – Actual Labour Hours) X Standard Rate of Labour C. (Standard Rate of Labour X Standard Labour Hours) – (Actual Rate of Labour X Actual Labour Hours) D. Labour Rate Variance ANS: A 21 Labour Cost Variance Formula = A. (Standard Rate of Labour – Actual Rate of Labour ) X Actual Labour Hours B. (Standard Labour Hours – Actual Labour Hours) X Standard Rate of Labour C. (Standard Rate of Labour X Standard Labour Hours) – (Actual Rate of Labour X Actual Labour Hours) D. Labour Cost Variance ANS: C 22 Break Even Point __________ A. Sales + Margin of Safety B. Profit/Contribution pu C. Fixed Cost/Contribution pu D. Sales – Contribution ANS: B 23 Marginal Costing is used for _______ A. Reporting B. Decision Making C. Costing D. Marginizing ANS: B 24 Break Even Point = A. Sales – Margin of Safety B. Margin of Safety/Profit Volume Ratio C. Fixed Cost X Profit Volume Ratio D. Sales – Variable Cost ANS: A 25 Showroom Rent paid is_______ A. Variable Cost B. Fixed Cost C. Semi-Variable Cost D. Cost ANS: B If You Need Most Importance MCQ PDF Cost Accounting Question Bank Than Pay Rs 100 Only Contact 8652719712 / 8779537141 Telegram Group Mumbai Univeersity :- https://t.me/mumbaiuniversityidol Suraj Patel Education :- https://t.me/surajpateleducation F.Y.J.C EXAM :- https://t.me/FYJCexam S.Y.J.C EXAM :- https://t.me/SYJCexam F.Y EXAM :- https://t.me/fyexam S.Y EXAM :- https://t.me/syexam T.Y EXAM :- https://t.me/tyexam M.Com Part 1 EXAM :- https://t.me/McomPart1Exam M.Com Part 2 EXAM :- https://t.me/McomPart2Exam M.A EXAM :- https://t.me/mastudentsexam YouTube Channel https://www.youtube.com/channel/UCNxVWIrZ1JYB4y-bWXfaBAw Strategic Management https://www.mumbaiuniversityidol.com/2021/05/strategic-management-mcom-part-1-mcq-pdf.html https://www.mumbaiuniversityidol.com/2021/05/marketing-strategies-and-plans-mcom.html ECONOMICS OF GLOBAL TRADE AND FINANCE https://www.mumbaiuniversityidol.com/2021/05/mcom-part-1-economics-mcq-pdf-economics.html ADVANCED FINANCIAL ACCOUNTING https://www.mumbaiuniversityidol.com/2021/05/advanced-cost-accounting-mcom-part-1.html HUMAN RESOURCE MANAGEMENT https://www.surajpateleducation.com/2020/11/human-resource-management-mcom-part-1.html