MGT402 FINAL TERM IMP MCQS 2023

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MGT402 Final term important mcqs 2023

1 / 20

Examples of industries that would use process costing include all of the
following EXCEPT:

2 / 20

Which of the following is sales force payroll incentive?

3 / 20

All of the following compose cost of goods sold EXCEPT:

4 / 20

Usually the first step in the production of the master budget is the:

5 / 20

Production budget is an example of which of the following budget?

6 / 20

The net profit or loss for a particular period of time is reported on which of the
following?

7 / 20

Period costs are:

8 / 20

When By-product is to be recycled, which one of the following will be used for costing?

9 / 20

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If an item of overhead expenditure is charged specifically to a single department this
would be an example of:

10 / 20

A cost that has been incurred but cannot be changed by present or future decisions is
called:

11 / 20

In a make or buy situation with no limiting factors, which of the following would be the
relevant costs for the decision?

12 / 20

Which of the following is NOT example of a cash outflow?

13 / 20

Which of the following costs do NOT change when the activity base fluctuates?

14 / 20

Cost volume Profit analysis (CVP) is a behavior of how many variables?

15 / 20

Variable costing is also known as:

16 / 20

Which of the following concept is used in absorption costing?

17 / 20

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When prices are rising over time, which of the following inventory costing methods will
result in the lowest gross margin?

18 / 20

For manufacturing entities inventories are classified into ———- categories?

19 / 20

When purchases are added to raw material opening Inventory, we get the value of:

20 / 20

The chief financial officer is also known as the:

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The average score is 43%

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Virtual university MGT402  Final term exams 2023 preparation

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