Contribution Margin versus Gross Margin MCQ with Answers PDF Download – Test 124

MCQ 616: The set of all the occurrences that may happen in near future or in any other fixed time are called:

1. events
2. distribution
3. outcome
4. actions

MCQ 617: The type of accounting, which focuses on whom should be asked for information and whom not, will be categorized as:

1. focused accounting
2. responsibility accounting
3. information accounting
4. blame accounting

MCQ 618: If the beginning work in process inventory units are 2600, units started are 9000, ending work in process units are 2300 and the completed good units are 8000 then total spoilage will be:

1. 1200 units
2. 990 units
3. 1100 units
4. 1000 units

MCQ 619: The production of goods or services that can be bought from outside suppliers is classified as:

1. idle sourcing
2. sunk sourcing
3. outsourcing
4. in-sourcing

MCQ 620: The normal activity range in which there is relationship between activity and costs is classified as:

1. relevant range
2. irrelevant range
3. cause range
4. effective range