Financial and Management Accounting-Marginal Costing and Break Even Analysis (NTA-NET (Based on NTA-UGC) Commerce (Paper-II)): Questions 1 - 4 of 16

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Question number: 1

» Financial and Management Accounting » Marginal Costing and Break Even Analysis

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Appeared in Year: 2016

MCQ▾

Question

From the following information, find out the number of units that must be sold by the firm to earn profit of Rs. 80,000 per year.

Sales price: Rs. 25 per unit

Variable manufacturing costs – Rs. 12 per unit

Variable selling costs – Rs. 3 per unit

Fixed factory overheads – Rs. 5,00,000

Fixed selling costs – Rs. 3,00,000

Choices

Choice (4) Response

a.

98,000 units

b.

1,00,000 units

c.

60,000 units

d.

88,000 units

Question number: 2

» Financial and Management Accounting » Marginal Costing and Break Even Analysis

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Appeared in Year: 2017

Assertion-Reason▾

Question

Assertion (Ꭺ)

From the marginal costing approach point of view, the marginal cost is compared with the purchase price.

Reason (Ꭱ)

If the marginal cost is less than the purchase price it should be purchased rather than manufactured.

Choices

Choice (4) Response

a.

Ꭺ is false but Ꭱ is true

b.

Ꭺ is true but Ꭱ is false

c.

Both Ꭺ and Ꭱ are true but Ꭱ is NOT the correct explanation of Ꭺ

d.

Both Ꭺ and Ꭱ are false

Question number: 3

» Financial and Management Accounting » Marginal Costing and Break Even Analysis

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Appeared in Year: 2016

MCQ▾

Question

The portion of earnings which is distributed among shareholders in the form of dividend is called

(July Paper-2)

Choices

Choice (4) Response

a.

Retention Ratio

b.

Payout Ratio

c.

Proprietary Ratio

d.

Earnings-yield Ratio

Question number: 4

» Financial and Management Accounting » Marginal Costing and Break Even Analysis

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Appeared in Year: 2005

MCQ▾

Question

The profits calculated by marginal costing and absorption costing are different because of:

Choices

Choice (4) Response

a.

Closing stock

b.

Opening stock

c.

Valuation of stock

d.

Capital and revenue

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