Organization Structure and Management Accountant Notes Questions with Answers PDF Download – Test 67

An availability of financial information, to oversee operations and system of accounting is known as

1. manager ship
2. controllership
3. proprietorship
4. functional line

The difference between corresponding static budget and flexible budget amount is called

1. sales volume variance
2. sales mix variance
3. sales quantity variance
4. market share variance

If the quantity of manufactured jackets is 2250000 units and the leather used to produce the output is 3500000 m², then direct partial productivity of material will be

1. 0.642 unit of jacket per ² of leather
2. 0.342 unit of jacket per ² of leather
3. 0.442 unit of jacket per ² of leather
4. 0.542 unit of jacket per ² of leather

The joint cost allocation method, in which individual product from joint products must gain a gross margin percentage is classified as

1. sales value at split off method
2. joint products value at split off method
3. constant gross margin percentage NRV method
4. Gross realizable value method

The consumed time to deliver a complete order to its customers is termed as

1. responding time
2. value chain time
3. delivery time
4. manufacturing cycle efficiency