MCQGeeks
0 : 0 : 1
CBSE
JEE
NTSE
NEET
English
UK Quiz
Quiz
Driving Test
Practice
Games
Quiz
Management
Management Accounting
Quiz 13
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
Q.1
Target price is subtracted from per unit target operating income to calculate
total current full cost
total cost per unit
target operating income per unit
target cost per unit
Q.2
In customer cost hierarchy, costs of those activities that cannot be traced to distribution channels or individual customers are called
discretionary channel costs
corporate-sustaining costs
distribution-channel costs
engineered resource costs
Q.3
If an actual result in static budget is $2500 and corresponding budgeted amount is $2200, then static budget variance will be
$3,000
$300
$4,700
$4,500
Q.4
An analysis and reporting of revenues earned, and incurred costs to earn these revenues from customers is classified as
partial productivity analysis
treasury cost analysis
customer profitability analysis
customer cost analysis
Q.5
Cost of particular cost object which cannot be traced in economically plausible way is termed as
indirect cost
partial cost
benchmark cost
direct cost
Q.6
Major approaches to make decisions about pricing include
market based
sunk cost
cost based
both a and c
Q.7
Practice of seller to charge higher price for same market offering is classified as
peak-load pricing
elastic pricing
elastic demand
inelastic demand
Q.8
An example of quantitative factor is
employee behavior at workplace
employee satisfaction
employee morale
cost of materials
Q.9
For increasing sales, decrease in selling price below selling price list is known as
partial discount
corporate discount
treasury discount
price discount
Q.10
Customer sustaining costs, customer batch-level costs and customer output-unit level costs are classified as
customer level indirect costs
customer level direct costs
corporate level direct costs
corporate level indirect costs
Q.11
Difference between static budget amount and flexible budget amount is named as
sales mix variance
sales volume variance
flexible budget variance
static budget variance
Q.12
Corporate sustaining costs and distribution channel costs are also classified as
indirect costs
variable costs
fixed costs
direct costs
Q.13
In customer cost hierarchy, costs of all activities incurred to sell group of units to end consumers are classified as
customer sustaining costs
customer output unit-level costs
customer batch-level costs
corporate sustaining costs
Q.14
If cost is eliminated, then reducing perceived usefulness that customers can obtain by using market offering will come under
designed-in costs
locked-in costs
value added cost
non-value added cost
Q.15
If total production is 25000 units and target annual operating income is $300000 then target operating income per unit would be
$15
$12
$16
$18
Q.16
Difference between corresponding static budget and flexible budget amount is called
sales volume variance
sales mix variance
sales quantity variance
market share variance
Q.17
Difference between budgeted contribution margin for actual sales mix and budgeted sales mix is called
sales quantity variance
cost mix variance
volume mix variance
sales mix variance
Q.18
Contribution margin is divided to operate income to calculate
degree of operating leverage
degree of change
degree of change in margin
degree of change in income
Q.19
If total units of product A, B and C are as 200,300 and 400 respectively then sales mix would be
100 units
900 units
400 units
500 units
Q.20
Formula to calculate contribution margin is
revenue - all variable cost
revenue + all variable cost
cost + revenue
revenue - breakeven units
Q.21
Selection of target price, understanding customer requirements, improving product designs and use of cross functional teams are considered as aspects of
target pricing
target costing
value engineering
all of above
Q.22
In customer cost hierarchy, costs of individual customer support activities are classified as
discretionary channel costs
corporate-sustaining costs
distribution-channel costs
customer-sustaining costs
Q.23
Pricing method used by services companies, such as home repair services, architectural firms and automobile repair services is known as
product life cycle method
life cycle budgeting method
life cycle costing method
time and material method
Q.24
Division of all costs related to customers on basis of different cost allocation bases or cost drivers is called
customer cost hierarchy
customer profitability hierarchy
treasury costing hierarchy
partial costing hierarchy
Q.25
In customer cost hierarchy, costs of all incurred activities to sell a unit of product are classified as
customer sustaining costs
customer output unit-level costs
customer batch-level costs
corporate sustaining costs
Q.26
If budgeted contribution margin for budgeted and actual sales mix are $35000 and $27000, then sales mix variance will be
$8,000
$80,000
$62,000
$35,000
Q.27
In corporate costs, cost incurred to finance construction of new equipment are classified as
treasury costs
discretionary costs
human resource management costs
corporate administration costs
Q.28
If an actual result is $5500 and corresponding amount of flexible budget on basis of actual level of output is $3500, then flexible budget variance will be
$2,500
$5,500
$3,500
$2,000
Q.29
Costs that are planned in future and has not been incurred are known as
designed-in costs
locked-in costs
value added cost
both a and b
Q.30
In cost accounting, financial way of charging price for product above cost, of acquiring or producing goods is known as
sales margin
cost margin
Gross margin
income margin
0 h : 0 m : 1 s
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
Report Question
×
What's an issue?
Question is wrong
Answer is wrong
Other Reason
Want to elaborate a bit more? (optional)
Support mcqgeeks.com by disabling your adblocker.
×
Please disable the adBlock and continue.
Thank you.
Reload page