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

MCQ 331: 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

MCQ 332: 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

MCQ 333: 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

MCQ 334: 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

MCQ 335: 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