Sail E0 Webinar

MCQs

Total Questions : 50 | Page 5 of 5 pages
Question 41. An increase in variable costs results in
  1.    An increase in P/V Ratio
  2.    Reduces contribution
  3.    Increase in Profit
  4.    None of the above
 Discuss Question
Answer: Option B. -> Reduces contribution
Question 42. Marginal cost is also known as
  1.    Absorption cost
  2.    Standard cost
  3.    Variable cost
  4.    None of the above
 Discuss Question
Answer: Option C. -> Variable cost
Question 43. Which is not included in primecost?
  1.    Raw materials
  2.    Manager Salary
  3.    Labour expenses
  4.    Coal
 Discuss Question
Answer: Option B. -> Manager Salary
Question 44. Margin of Safety is the difference between the
  1.    Planned sales and the planned profit
  2.    Actual sales and Break even sales
  3.    Planned sales and the break even sales
  4.    None of the above
 Discuss Question
Answer: Option B. -> Actual sales and Break even sales
Question 45. Marginal costing helps the management to
  1.    Fix the price of products
  2.    Take various decisions
  3.    Calculate profit
  4.    All the above
 Discuss Question
Answer: Option D. -> All the above
Question 46. Contribution is calculated by the formula
  1.    Sales minus profit
  2.    Sales minus variable cost
  3.    Fixed cost minus profit
  4.    None of the above
 Discuss Question
Answer: Option B. -> Sales minus variable cost
Question 47. Marginal costing technique classifies cost into
  1.    variable cost and fixed cost
  2.    operation and Maintainance cost
  3.    semi-variable cost
  4.    standard and floating cost
 Discuss Question
Answer: Option A. -> variable cost and fixed cost
Question 48. You purchase 32 oz of almonds for $13
  1.    $2.38
  2.    $6.74
  3.    $0.64
  4.    $3.37
 Discuss Question
Answer: Option D. -> $3.37
Question 49. If the total cost of 100 units is Rs
  1.    Marginal cost
  2.    Prime cost
  3.    Fixed cost
  4.    None of the above
 Discuss Question
Answer: Option A. -> Marginal cost
Question 50. Contribution margin is also known as
  1.    Net income
  2.    gross margin
  3.    Net Profit
  4.    All of the above
 Discuss Question
Answer: Option B. -> gross margin

Latest Videos

Latest Test Papers