Welcome to PAKITWORLD!
I hope you will find PAKITWORLD forum useful...



 
HomeCalendarFAQSearchMemberlistUsergroupsLog inRegister
Search
 
 

Display results as :
 
Rechercher Advanced Search
Freelancer.com
Visitors
Live Trafic

Share | 
 

 MGT402 Quiz Cost & Management Accounting [4]

View previous topic View next topic Go down 
AuthorMessage
Admin
Admin


Posts : 216
Join date : 2011-06-17
Location : Rawalpindi

PostSubject: MGT402 Quiz Cost & Management Accounting [4]   Mon Oct 17, 2011 5:59 am

Cost & Management Accounting




Question No: 1
Which of the following cost is linked with the calculation of cost of inventories?
► Product cost
► Period cost
► Both product and period cost
► Historical cost

Question No: 2
You made Rs. 10,000 loan to your cousin's company. At the end of one year, the company returned to you Rs. 10,850. The Rs. 850 is called which one of the following?
► Increases in loan
► Increases in dividends
► An 8.5% return on investment
► All of the given options

Question No: 3
Machine lubricant used on processing equipment in a manufacturing plant would be classified as a:

► Period cost (manufacturing overhead)
► Period cost (Selling, General & Admin)
► Product cost (manufacturing overhead)
► Product cost (Selling, General & Admin)

Question No: 4
An average cost is also known as:
► Variable cost
► Unit cost
► Total cost
► Fixed cost

Question No: 5
Finished goods inventory costs represent the costs of goods that are:
► Currently being worked on
► Waiting to be worked on
► Waiting to be sold
► Already delivered to customers
***********************************************************************

***********************************************************************

Question No: 6
Which of the following is deducted from purchases in order to get the value of Net purchases?
► Purchases returns
► Carriage inward
► Custom duty
► All of the given options

Question No: 7
Which of the following is correct?
► Units sold= Opening finished goods units + Units produced – Closing finished goods units
► Units Sold = Units produced + Closing finished goods units - Opening finished goods units
► Units sold = Sales + Average units of finished goods inventory
► Units sold = Sales - Average units of finished goods inventory

Question No: 8
In cost Accounting, normal loss is/are charged to:
► Factory overhead control account
► Work in process account
► Income Statement
► All of the given options

Question No: 9
Material requisition is a document that supports the requirement of the material. This document is sent to store incharge and approved by:
► Store manager
► Production manager
► Supplier manager
► Purchase manager

Question No: 10
Over applied FOH will always result when a predetermined FOH rate is applied and:
► Production is greater than defined capacity
► Actual overhead costs are less than budgeted
► Budgeted capacity is less than normal capacity
► Actual overhead incurred is less than applied Overhead

***********************************************************************

***********************************************************************

[You must be registered and logged in to see this link.]
Back to top Go down
View user profile http://pakitworld.board-directory.net
 
MGT402 Quiz Cost & Management Accounting [4]
View previous topic View next topic Back to top 
Page 1 of 1
 Similar topics
-
» Tackett Creek Cumberland Management Area?
» short pic quiz
» Aircraft Quiz
» How much would it cost for a full interior makeover
» How much it cost for labour to change shaft?

Permissions in this forum:You cannot reply to topics in this forum
 :: MBA :: MGT402 Cost & Management Accounting-
Jump to: