Accounting Practice MCQ Page 25
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: 2049 production required in the month of October 1996 is
- 1,800 units
- 2,000 units
- 2,200 units
- None of these
Question: 2051 production required in the month of November 1996 is
- 1,800 units
- 2,200 units
- 2,400 units
- Non of these
Question: 2052 production required in the month of December 1996 is
- 1,800 units
- 2,200 units
- 2,400 units
- None of these
Question: 2054 production required for the six months ending December 1996 is
- 11,000 units
- 2,200 units
- 2,400 units
- None of these
Question: 2057 Closing stock at the end of December will be
- 1,000 units
- 1,100 units
- 1,150 units
- None of these
Question: 2060 The cost of product as determined under standard cost system is
- fixed cost
- historical cost
- direct cost
- pre-determined cost
Question: 2061 In evaluating deviations of actual from standard cost, the probable technique used is
- variable regression
- variance analysis
- trond analysis
- linear progression
Question: 2063 The type of standard that is best suited from cost control point of views is
- Theoretical standard
- Expected standard
- Normal standard
- Basic standard
Question: 2069 which of the following standards can be attained under the most favourable conditions possible
- Theoretical standard
- Expected standard
- Normal standard
- Basic standard
Question: 2071 one purpose of standard costs may be described as
- promoting and measuring performance
- setting costs of manufacture
- controlling and reducing costs
- simplifying production operations
Question: 2072 A company using theoretical standard cost system should expect that
- most variances will be strongly motivated to attain the standards
- employees will be strongly motivated to attain the standards
- a large incentive bonus will be paid
- costs will be controlled better if lower standards were used
Question: 2077 A company controls its production costs by comparing its actual monthly production cost with the expected levels. Any significant deviations from these expected levels are investigated and evaluated as a basis for corrective action. The quantitative technique that is most probably being used is
- time series or trend regression analysis
- differential calculus
- standard cost variance analysis
- correlation analysis
Answers to the questions of Accounting on this page
Following list gives the correct choice for the answer of the Accounting mcqs.
2049 . C
2051 . C
2052 . D
2054 . B
2057 . A
2060 . D
2061 . B
2063 . B
2069 . A
2071 . C
2072 . A
2077 . C
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MCQ for Practicing Subject Tests