Managerial Accounting MBA

Managerial Accounting is used for

• external users

• shareholders

• cost and price decisions making

• None of them

Cost Behaviour has the following types;

• Fixed and Variable Costs

• Direct and Indirect Costs

• Production and Non Production Costs

• Fixed Cost

  Variable Cost

  Semi Variable Cost

  Stepped Fixed Cost

When direct materials, direct labour and direct expenses are added is called

• Operating Expenses

• Cost of Goods Sold

• Prime Cost

• None of them

When indirect materials, indirect labour and indirect expenses are added is called

• Direct Cost

• Indirect Cost

• Factory Overhead

• All of them

According to IAS 1, financial statements are

• Statement of Profit or Loss

• Statement of Financial Position

• Statement of Cash flows

• Statement of Profit or Loss

  Statement of Financial Position

  Statement of Cash Flows

  Statement of Changes in Equity

  Notes to Financial Statements

High/Low Method can be used to

• find a solution

• Cost of Goods Sold

• estimate variable cost per unit and total fixed cost

• All of them

If y= 9000 + 30x then find fixed cost, variable cost per unit and total cost 300 units.

• Fixed Cost 9000

  Variable Cost 30

• Fixed Cost 9000

  Variable Cost per unit 9000

• Fixed Cost 9000

  Variable Cost per unit 30

  Total Cost 18000

• All of them

If y= 10000 + 50x then find fixed cost, variable cost per unit and total cost 500 units.

• Fixed Cost 10000

  Variable Cost 50

• Fixed Cost 10000

  Variable Cost 25000

• Fixed Cost 10000

  Variable Cost 25000

  Total Cost 35000

• None of them