(A) Flexible Budget
(B) Master Budget
(C) Cash Budget
(D) Capital Budget
Tag: Financial Accounting Mcqs
Which of the following is an accounting record?
(A) Bill of Material
(B) Bin Card
(C) Stores Ledger.
(D) All of these.
Which of the following is not a relevant cost?
(A) Replacement cost
(B) Sunk cost
(C) Marginal cost
(D) Standard cost.
Economies and diseconomies of scale explain why the?
(A) Short-run average fixed cost curve declines so long as output increases.
(B) Marginal cost curve must intersect the minimum point of the firm’s average total cost curve.
(C) Long-run average total cost curve is typically U-shaped.
(D) Short-run average variable cost curve is U-shaped.
One of the most important tools in cost planning is?
(A) Direct cost
(B) Cost Sheet
(C) Budget
(D) Marginal Costing.
The cost of obsolete inventory acquired several years ago, to be considered in a keep vs. disposal decision is an example of?
(A) Uncontrollable cost
(B) Sunk cost
(C) Avoidable cost
(D) Opportunity cost
Which of the following bases is not appropriate for apportionment of Transport department‘s cost?
(A) Crane hours
(B) Crane value
(C) Truck Mileage
(D) Truck value
Total unit costs are?
(A) Independent of the cost system, used to generate them
(B) Needed for determining product contribution
(C) Irrelevant in marginal analysis
(D) Relevant for cost-volume-profit analysis