Sikkim-Manipal University of Health Medical and Technological Sciences (SMUHMTS) 2007 M.B.A Finance FA - Financial Accounting and Management - Question Paper
Monday, 10 June 2013 05:45Web
Page 16 of 17
Budget & using as tool of planning and controlling.
40. __________ is an important tool of planning and cost control.
a. Budgetary b. Standard costing
c. Standard cost d. None of above
41. Which of the subsequent is not an element of cost.
a. Material b. Labour
c. Overheads d. None of above
42.
(i) It is set for cost only.
(ii) It include both income & expenditure.
(iii) It is more static.
(iv) It can be operated partially.
(v) Its figures are not for accounting.
(vi) It is projection of final accounting.
From the above which are the features of standard costing?
a. (i), (ii), (iii) b. (ii), (iii), (iv)
c. (i), (iii), (v) d. (ii), (iii), (v)
43. From the above which are the features of Budgetary control.
a. (i), (ii), (iii) b. (ii), (iii), (iv)
c. (i), (v), (vi) d. (i), (iv), (v)
44. From the above points (i) point is the feature of:
a. Budgetary control b. Budgeting
c. Marginal costing d. None of the above
45. Standard cost are used primarily as _______.
a. Tool of control b. Tool of costing
c. Measurement d. None of above
46. Variance is the difference ranging from ________ and true cost incurred during a period.
a. Standard cost b. Marginal cost
c. Variable cost d. Absorption
47. The preparation of a Break-even chart requires segregation of semi-fixed costs into _______.
a. Fixed components b. Variable components
c. Both a & b d. None of above
48. Manufacturing costs are incurred to manufacture the product.
a. True b. False
49. Cost which is clearly traceable are known as.
a. Traceable cost b. Controllable cost
c. Direct cost d. Variable cost
50. Which of the subsequent is not considered under evaluation of stock.
a. Raw material b. Work in progress
c. Finished good d. None of above
51. At _______ point, ‘contribution’ is equal to fixed cost.
a. Break-even b. Sales
| Earning: Approval pending. |
