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Cost and Management Accounting
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Cost and Management Accounting
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25 Questions

1. Imputed cost is a ---------.
2. Sales Rs. 50,000; variable cost Rs. 30,000; Net profit Rs. 6,000; Fixed cost is-----------------.
3. Management accounting is suitable for--------------.
4. Direct expenses are also called------------.
5. Creditors turnover ratio is also called-------------.
6. Contribution margin is also known as-------------.
7. CVP analysis is most important for the determination of---------------.
8. Net profit ratio is a ---------.
9. Fixed asset ratio is _______ ratio.
10. Cost classification can be done in ----------.
11. Economic Order Quantity is also known as _____________
12. An increase in variable costs -----------------.
13. Management accounting is suitable for _________
14. Stock turnover ratio is----------------.
15. Management accounting is an offshoot of--------------.
16. Direct cost incurred can be identified with--------.
17. Low turnover of stock ratio indicates-------------.
18. Process costing is suitable for-------------.
19. Sales -Gross profit=----------------.
20. If fixed costs decrease while variable cost per unit remains constant, the new BEP in relation to the old BEP will be------------------.
21. Contribution margin is equal to------------------.
22. Which one of the following is not considered for preparation of cost sheet?
23. Profit on sale of fixed assets is------------.
24. Current ratio is a -----------------.
25. Cost of sales plus profit is----------------.

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