MBA Cost Accounting Practice Test 110

Constant Gross Margin Percentage NRV Method MCQ (Multiple Choice Questions) PDF - 110

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Constant Gross Margin Percentage NRV Method Questions and Answers PDF Download: Quiz 110

MCQ 546: The gross margin is subtracted from sales value of all production to yield

A) labor cost incurred on product

B) production cost incurred on product

C) marketing cost incurred on product

D) all of above

MCQ 547: The difference between the flexible budget amount and the corresponding actual result is called

A) corresponding variance

B) resultant variance

C) flexible budget variance

D) static budget variance

MCQ 548: The companies that buy the raw materials and convert them into the finished goods for customers are a part of

A) manufacturing sector companies

B) merchandising sector companies

C) service sector companies

D) raw material companies

MCQ 549: The companies that perform in competitive markets using the pricing approach are known as

A) independent revenue approach

B) market based approach

C) dependent revenue approach

D) cost based approach

MCQ 550: If the fixed cost is $20000, the target operating income is $10000 and the contribution margin per unit is $1200 then required units to be sold will be

A) 55 units

B) 45 units

C) 35 units

D) 25 units

MBA Cost Accounting Exam Prep Tests

Kaizen Budgeting MCQs

Absorption Costing MCQs

Flexible Budget: Cost Accounting MCQs

Budgets and Budgeting Cycle MCQs

Breakeven Point and Target Income MCQs

Estimating Cost Functions MCQs

Cost Estimation Functions MCQs

Curves and Nonlinear Cost Function MCQs

Inventory Costing Methods MCQs

Budgeting and Responsibility Accounting MCQs

Broad Averaging and Consequence MCQs

Transferred In Costs: Process Costing MCQs

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