( Best 150+ ) Accounting for Management MCQ

by Mr. DJ

Accounting for Management MCQ

Table of Contents

Given below are Accounting for Management MCQ with answers. These MCQs are equally useful for managerial accounting, accounting for managers & accounting for management subject. This is also useful to explore subtopics like Financial Statements, Budgeting, cost accounting, marginal costing, corporate accounting etc.

Accounting for Management MCQ

MBA, BBA, B Com, M Com, MMS, PGDBM, PGDM, BA, MA and CA students can use these multiple choice questions for university exams. These solved MA MCQ sets are also helpful for entrance exams like UPSC, UGC NET, SET, MPSC etc.

Accounting for Management MCQ

81. Which among the following is not an example of cash flow from operating
activities ?

A. cash payments of insurance premiums

B. cash payments of income taxes

C. cash payments to employees

D. cash receipts from disposal of fixed assets

82. The essence of marginal costing is that ……………… cost is considered on
the whole as separate.

A. fixed

B. variable

C. both of these

D. none of these

83. ………….cost represents the amount of any given volume of output by which
aggregate costs are changed if the volume of output is increased by one unit.

A. variable cost

B. marginal cost

C. fixed cost

D. none of these

84. ………. Is the increase or decrease in total cost which results from producing or selling additional or fewer units of a product or from a change in the method of production or distribution such as the use of improved
machinery, addition or exclusion of a product or territory or selection of an additional sales channel.

A. variable cost

B. marginal cost

C. fixed cost

D. none of these

85. …………cost is defined as the aggregate of variable costs or prime costs plus
variable overheads.

A. variable cost

B. marginal cost

C. fixed cost

D. none of these

86. Marginal costing is a …………… of costing

A. system

B. method

C. technique

D. all of these

87. Under marginal costing, ……… Costs are regarded as costs of the products.

A. variable costs

B. fixed costs

C. both of these

D. none of these

88. Under marginal costing, …………… costs are treated as period costs and
charged to profit and loss account for the period for which they are incurred

A. variable costs

B. fixed costs

C. both of these

D. none of these

89. Under marginal costing, stocks of finished goods and work-in-process are
valued at …………….. costs only

A. variable costs

B. fixed costs

C. marginal cost

D. none of these

90. ………………..is the excess of sales over marginal cost of sales

A. profit

B. margin

C. loss

D. contribution

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