Symbiosis International Education Centre 2006 Post Graduate Diploma Business Administration Management Accounting - Question Paper

a) 400 units
b) 500 units
c) 600 units
d) 700 units
Ans.
10. The variance that attempts to ascertain the effect of change in sales quantity on the difference ranging from true and budgeted contribution is known as _______________variance.
Sales margin price;Total sales margin;Sales margin yield;Sales margin quantity
Ans.
11. select all that apply.
The disadvantages of supplementary overhead rates are:-
a)____ It can be determined only after the end of the accounting period
b)____ Defeats the basic concept of normal cost
c)____ Involves lot of clerical activity
d)____ It can be determined only in the beginning of the accounting period
Ans.
12. select all that apply
Features of Sunk cost are :-
a)____ shows historical cost
b)____ Not relevant in decision making process
c)____ Incurred in past
d)____ Relevant in decision making process
Ans.
13. Indirect Cost is termed as ____________.
Prime cost;Overhead;Direct expenses;Production cost
Ans.
14. Margin of safety = Contribution / Profit quantity ratio
a) actual
b) false
Ans.
15. Financial Accounting discloses the financial performance & financial statements of the business as a whole.
a) actual
b) false
Ans.
16. select all that apply
The principal functions of the cost accounting department are :-
a)____ Classifying labour cost according to jobs, processes, etc.
b)____ Preparation of various reports based on direct, indirect labour cost, etc
c)____ To focus on areas where labour cost may be decreased.
d)____ Preparation of wage sheet and procedural aspects of wage payment
Ans.
17. select all that apply
Preference Shares can be classified as :-
a)____ Simple Shares
b)____ Cumulative Shares
c)____ Redeemable Shares
d)____ Deferred Shares
Ans. A,b,c
18. select the accurate ans.
Accounting policy adopted by various companies may differ when it comes to evaluation of :-
a) Inventory
b) Debtors
c) Credit sales
d) Credit purchases
Ans.
19. Indirect material shows that material which can be identified with the individual cost centre.
a) actual
b) false
Ans.
20. Loss of uninsured goods by fire was debited incorrectly to United India Assurance Company's account instead of debiting it to _____________________-account.

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