Accounting Practice MCQ Page 23

Multiple Choice questions for Accounting in the sets of 10 each on one page with questions and answers. All sets are useful in the preparation of subject tests for employment or admission.
Question: 2002   A budget which lays more stress on control aspect is a an
  1. operating budget
  2. responsibility budget
  3. flexible budget
  4. financial budget
Question: 2003   which of the following is usually a long-term budget
  1. Sales budget
  2. cash budget
  3. capital expenditure budget
  4. fixed budget
Question: 2004   A budget representing fixed assets expenditure during the budget period is
  1. Fixed budget
  2. Capital expenditure budget
  3. Long term cash budget
  4. Master budget
Question: 2005   The budgeted fixed cost is
  1. RS. 30,000
  2. RS. 40,000
  3. RS. 50,000
  4. RS. 80,000
Question: 2006   The standard volume per month on which the budgeted overhead rate is based is
  1. 3,000 tons
  2. 5,000 tons
  3. RS. 5,500 tons
  4. 7,000 tons
Question: 2008   The budgeted fixed overhead cost per ton is
  1. RS. 10
  2. RS. 20
  3. RS.21.36
  4. RS. 17.14
Question: 2009   The amount of overhead absorbed in March is
  1. RS. 80,000
  2. RS. 1,20,000
  3. RS. 1,10,000
  4. RS. 1,17,500
Question: 2010   The expenditure variance in March is
  1. RS. 7,500(A)
  2. RS.12,500(A)
  3. RS. 10,000(A)
  4. Nil
Question: 2011   Total overhead variance in March is
  1. RS. 7,500
  2. RS. 12,500
  3. RS. 10,000
  4. RS. 20,000
Question: 2012   What is the raw material cost per unit at the actual production level
  1. RS. 10.08
  2. RS. 16.80
  3. RS. 8.40
  4. None of these
Question: 2013   What is the total cost of direct labour at actual production level
  1. RS. 3,00.000
  2. RS. 2,40,000
  3. None of these
Question: 2014   What is the fixed works overhead total amount when output os 1,00,000 units
  1. RS. 4,00,000
  2. RS. 2,40,000
  3. RS. 6,00,000
  4. Non of these

Answers to the questions of Accounting on this page

Following list gives the correct choice for the answer of the Accounting mcqs.
2002 . B       2003 . C       2004 . B       2005 . C       2006 . B       2008 . A       2009 . C       2010 . B       2011 . A       2012 . A       2013 . C       2014 . B      

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