Question 1

When fixed cost is deducted from contribution, the balance will be ……….

Accepted Answer

A) variable cost 
B) profit 
C) total cost 
D) sales 
A) variable cost 
B) profit 
C) total cost 
D) sales

Question 2

ABC system is used for ………………

Accepted Answer

A) material control 
B) wages control 
C) overhead allocation 
D) pricing decisions 
A) material control 
B) wages control 
C) overhead allocation 
D) pricing decisions

Question 3

Fixed costs Rs.6000, Profit required Rs.4000 and P/v ratio is 50% , then sales required will be………….

Accepted Answer

A) 6000 
B) 4000 
C) 10000 
D) 20000 
A) 6000 
B) 4000 
C) 10000 
D) 20000

Question 4

.A cost centre is …………………

Accepted Answer

A) a production department where all production costs are aggregated 
B) an area of business accountable for both costs and revenues 
C) the part of the business where all costs are paid to suppliers 
D) an area for which costs are accumulated 
A) a production department where all production costs are aggregated 
B) an area of business accountable for both costs and revenues 
C) the part of the business where all costs are paid to suppliers 
D) an area for which costs are accumulated

Question 5

When profit is Rs.5000 and P/v ratio is 20% , Margin of safety is…………

Accepted Answer

A) 10000 
B) 25000 
C) 30000 
D) 50000 
A) 10000 
B) 25000 
C) 30000 
D) 50000

When fixed cost is deducted from contribution, the balance will be ……….

ABC system is used for ………………

Fixed costs Rs.6000, Profit required Rs.4000 and P/v ratio is 50% , then sales required will be………….

.A cost centre is …………………

When profit is Rs.5000 and P/v ratio is 20% , Margin of safety is…………

Accounting and Financial Analysis

Financial Analysis and Statements

Fund Flow and Working Capital

Costing and Cash Flow Analysis

Cost Classification and Management Accounting

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Exam 5: Exploring Cost and Profit Analysis in Accounting

When fixed cost is deducted from contribution, the balance will be ……….

ABC system is used for ………………

Fixed costs Rs.6000, Profit required Rs.4000 and P/v ratio is 50% , then sales required will be………….

.A cost centre is …………………

When profit is Rs.5000 and P/v ratio is 20% , Margin of safety is…………

Accounting and Financial Analysis

Financial Analysis and Statements

Fund Flow and Working Capital

Costing and Cash Flow Analysis

Cost Classification and Management Accounting

Filters