Jali-jali Cup MAS Quiz Bee (EASY)

Which of the following does not characterize Management Advisory Services?

• involve decision for the future

• broader in scope and varied in nature

• utilize more junior staff than senior members of the firm

• relate to specific problems where expert help is required

A mixed cost will ________ in total and _________ per unit, as the level of activity increases.

• Increase; Decrease

• Decrease; Increase

• Increase; No effect

• Decrease; No effect

Among the ratios, what are the short-term creditors most concerned of?

(a)  

In relevant costing, fixed costs are considered irrelevant unless combinable with variable costs.

• TRUE

• FALSE

What type of budget is based on the actual activity of a period?

(a)  

Breakeven analysis assumes that all variable costs and revenues are constant on a per-unit basis and are nonlinear over a relevant range.

• TRUE

• FALSE

The difference between the sales price and total variable costs is (a)   .

If you rent a car for one day and pay a P60 flat fee, plus 30 per mile driven then your rental cost is a mixed cost.

• TRUE

• FALSE

As a company produces more units, fixed costs per unit increases

• TRUE

• FALSE

In a job costing system, the cost of a job includes the actual direct materials and actual direct labor only

• TRUE

• FALSE