MBA Cost Accounting Practice Test 155

Financial and Nonfinancial Performance Measures Quiz PDF: Questions and Answers - 155

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Financial & Nonfinancial Performance Measures Questions and Answers PDF Download: Quiz 155

MCQ 771: The return on investment is also known as

A) accrual accounting rate of return

B) accounting rate of return

C) nominal rate of return

D) both a and b

MCQ 772: The worse fit between estimated cost and actual observations is shown on regression line with

A) larger residual terms

B) zero residual terms

C) variable residual terms

D) smaller residual terms

MCQ 773: The standardized technique that is performed repetitively on different kind of materials to convert them into different finished products is known as

A) conversion process

B) operation

C) hybridization

D) both a and b

MCQ 774: The spread of over allocated overhead and under allocated overhead among work in process, finished goods and goods sold cost is classified as

A) proration approach

B) appreciation approach

C) depreciation approach

D) adjusted approach

MCQ 775: The normal costing and standard costing methods are used in decisions such as

A) investment decisions

B) pricing decisions

C) product mix decisions

D) Both B and C

MBA Cost Accounting Exam Prep Tests

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Variable and Fixed Overhead Costs MCQs

Common Costs MCQs

Nonlinearity and Cost Functions MCQs

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Absorption Costing MCQs

Flexible Budget: Cost Accounting MCQs

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Breakeven Point and Target Income MCQs

Estimating Cost Functions MCQs

Cost Estimation Functions MCQs

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