Question

Q.1:- Choose the correct answer:-
1. Nature of Depreciation is:
(b) Expenses
(a) Loss
(C) Investment Expenses (d) None of these
2. The internal users of financial statement is :
(b) Government (c) Managers
(d) Consumers
(a) Bank
3. Drawings are deducted from:
(a) Sales
(b) Purchases (c) Return outward
(d) Capital
4. Concession allowed by businessmen to customer is called:
(a) Commission (b) Discount (c) Brokerage
(d) All of the above
5. The person to whom we sell goods on credits are called:
(a) Dators
(b) Creditors (c) Manufacturers
(d) None of these


guyss please help mee ​

Answer 1

Despite the development of Management Accounting as an effective discipline to improve the managerial performance, it has some limitations. Which of the following is a limitation of management accounting?
(a) Psychological Resistance
(b) Physiological Resistance (c) Both of the above
(d) None of the above.
(ii) The following is the limitation of management accounting – (a) Costly Affair
(b) Evolutionary Stage
(c) Psychological Resistance
(d) All of the above
(iii) Which of the following costs incurred by a commercial airline can be classified as variable?
(a) Interest costs on leasing of aircraft
(b) Pilots' salaries
(c) Depreciation of aircraft
(d) None of these three costs can be classified as variable
(iv) Factors to be considered in Production Budget: (a) Production plan
(b) The capacity of the business concern (c) Inventory Policy
(d) All of the above
(v) Which of the following factors does not affect Learning Curve (a) Method of production
(b) Labour strike
(c) Shut down
(d) Efficiency rate
DoS, The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament)
Page 2
Answer to MTP_Intermediate_Syllabus 2016_June 2020_Set 1
(vi) Standard Price per kg of Material ₹ 2, Actual Material used 2,000 kg, Actual cost of Material ₹ 3,000. Actual output 2,100 kg. Compute Material Price Variance.
(a) ₹1050 (Favourable) (b) ₹1142 (Favourable) (c) ₹1000 (Favourable) (d) None of the above
Answer:
i. (a) ii. (d) iii. (d) iv. (d) v. (d) vi. (c)
(B) Match the following:
Answer:
1. C 2. D 3. A 4. B
(C) Say True or False for the following question:
[4×1=4] Column ‘A’ Column ‘B’ 1. Absorption costing A. Rigid /inflexible budget. 2. Differential cost is adopted B. Decision making 3.
Fixed budget C. Cost per unit reduces, as the production increases. 4. Zero based budgeting D. Marginal Costing (i) Management Accounting is a traditional approach to accounting.
(ii) In marginal costing, managerial decisions are guided by profit.
(iii) Responsibility Accounting is also called Profitability Accounting & Acitivity
Accounting.
(iv) Standard costing system established yardstick against which the efficiency of
actual performance is measured.
Answer :
(i) False (ii) False (iii) True (iv) True

Answer 2

Answer:

1 a

2 c

3 d

4 b

5 a....,...........