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WorksheetsJali-jali Cup MAS Quiz Bee (EASY)
Total questions: 10
Worksheet time: 2mins
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
