All MCQs Tests - VU MGT402 - Cost & Management Accounting

Question 1: Selling cost of a shoe manufacturing company is the example of:

Question 2: Inventory turnover Ratio = 10 times

Question 3: Buyer produced 20,000 units and their total factory cost was Rs. 450,000, other cost like property tax on factory building of Rs. 10,000 was included in that cost till year ended. The cost of per unit would be:

Question 4: Which of the given Inventory valuation method reports higher net income?

Question 5: Capacity variance will be favorable if:

Question 6: FOH applied rate of Rs. 5.60 per machine hour. During the year the FOH to Rs.275,000 and 48,000 machine hours were used. Which one of following statement is correct?

Question 7: All of the following are terms used to denote Factory Overheads EXCEPT:

Question 8: The Economic order quantity can be calculated by:

Question 9: Opportunity cost is the best example of:

Question 10: Costs which are constant for a relevant range of activity and rise to new constant level once that range exceeded is called: