M.Com Cost & Management Accounting Scanner – Jamia University

Cost & Management Accounting Jamia University – Question Pattern

2019 (7 Questions)

1. If sales and fixed costs remain unchanged, contribution will remain unchanged only when…..
   (a) Total variable cost increases
   (b) P/V ratio increases
   (c) Total variable cost remains constant
   (d) P/V ratio decreases
2. Which of the following is irrelevant to decision making process?
   (a) Fixed cost
   (b) Historical costs
   (c) Semi variable costs
   (d) Variable costs
3. To obtain the break even sales value total fixed cost are divided by
   (a) Variable cost per unit
   (b) Contribution margin per unit
   (c) Fixed cost per unit
   (d) Profit volume ratio
4. The Economic Order Quantity (EOQ) represents the order quantity for which:
   (a) Inventory carrying cost per unit is lowest
   (b) Order processing cost per unit is lowest
   (c) Total inventory and order cost per unit is lowest
   (d) None of these
5. The difference between fixed and variable cost has a special significance in the preparation of :
   (a) Flexible budget
   (b) Master budget
   (c) Cash budget
   (d) Plant utilization budge
6. When preparing a Break-Even graph what does the Margin of Safety refer to ?
   (a) Fixed Cost
   (b) Variable Cost
   (c) Profit Margin
   (d) Break-Even Point
7. Managers who are concerned not only with cost management but also with revenue generations are in a responsibility level called a ……………..
   (a) Cost centre
   (b) Budget centre
   (c) Investment centre
   (d) Profit centre

2018 (1 Questions)

1. Which of the following is not an assumption in Break-even Analysis?
   (a) Sales mix remains constant
   (b) Variable costs are not strictly variable with volume of output
   (c) Product equals sales volume .
   (d) All costs should be regregated into fixed and variable costs

2017 (2 Questions)

1. A good budget is
   (a) Fixed
   (b) Rigid
   (c) Flexible
   (d) Liked by all
2. The term total cost used for the purpose of determining economic order quantity consists of
   (a) Carrying cost
   (b) Ordering cost
   (c) Both (a) and (b) above
   (d) Fixed cost

2016 (1 Questions)

1. A company has a fixed cost of Rs. 40,000. The selling price per unit is Rs. 4 and the variable cost per unit is Rs.3 The break-even quantity is ………
   (a) 10,000
   (b) 40,000
   (c) 12,000
   (d) 48,000

Jamia Cost & Management Accounting – 2019

Jamia Cost & Management Accounting – 2017