7/19/2021 Assignment - 2: Attempt review

Started on Monday, 19 July 2021, 2:27 AM

Question 1
Complete

Mark 0.50 out of 0.50

Shut down cost is:

Select one:
a. Avoidable Fixed Cost
b. Avoidable Variable Cost
c. Unavoidable Fixed Cost 
d. Unavoidable Variable Cost.

https://slm.imtcdl.ac.in/moodle/mod/quiz/review.php?attempt=32973&cmid=1582 1/16
7/19/2021 Assignment - 2: Attempt review

Question 2
Complete
Mark 0.00 out of 0.50

The cost which can be carried forward to next accounting period as part of inventory cost is called

Select one:
a. Expired Cost
b. Unexpired Cost
c. Absorbed Cost
d. Accrued Cost

Question 3
Complete
Mark 0.50 out of 0.50

As per CVP analysis, estimated sales for desired profit (in amount) is____________________?

Select one:
a. Vc+ Profit/Contribution Margin Ratio
b. Fc+ Profit/Contribution Margin Ratio
c. Fc+ Profit/Contribution Margin Per Unit
d. Vc+ Profit/Contribution Margin 

https://slm.imtcdl.ac.in/moodle/mod/quiz/review.php?attempt=32973&cmid=1582 2/16
7/19/2021 Assignment - 2: Attempt review

Question 4
Complete
Mark 0.50 out of 0.50

A company has fixed costs of Rs. 50,000 and variable costs per unit of output of Rs. 8. If its sole product sells for Rs. 18, what is the break-
even quantity of output?

Select one:
a. 5000
b. 5500
c. 300
d. 3000

Question 5
Complete 
Mark 0.50 out of 0.50

The Countries which have signed Kyoto Protocol are called_____

Select one:
a. Non Annexured Countries
b. Annexured Countries
c. Green Countries

d. Developed Countries

https://slm.imtcdl.ac.in/moodle/mod/quiz/review.php?attempt=32973&cmid=1582 3/16
7/19/2021 Assignment - 2: Attempt review

Question 6
Complete
Mark 0.50 out of 0.50

The type of cost which changes with the change in alternative course of decision/actions whereas irrelevant cost remains constant across all
the alternative course of decision/ actions

Select one:
a. Irrelevant
b. Relevant
c. None Of These
d. Constant

Question 7
Complete 
Mark 0.50 out of 0.50

The scare factors are also known as

Select one:
a. Key Factor
b. Abnormal Factor
c. Linking Factor

d. None Of The Above

https://slm.imtcdl.ac.in/moodle/mod/quiz/review.php?attempt=32973&cmid=1582 4/16
7/19/2021 Assignment - 2: Attempt review

Question 8
Complete
Mark 0.50 out of 0.50

Workers who leave the organization during a specific time period are taken into consideration for calculating the labour turnover rate
by____________

Select one:
a. Separation Method
b. Flux Method
c. None Of These
d. Replacement Method

Question 9
Complete 
Mark 0.50 out of 0.50

________ is stated as a budget which is made to change as per the levels of activity attained.

Select one:
a. None Of The Above
b. Flexible Budget
c. Fixed Budget

d. Both A And B

https://slm.imtcdl.ac.in/moodle/mod/quiz/review.php?attempt=32973&cmid=1582 5/16
7/19/2021 Assignment - 2: Attempt review

Question 10
Complete
Mark 0.50 out of 0.50

Abacus Company uses activity-based costing and has the following activity cost pools and estimated overhead cost for each pool: Machine
related Rs3,00,000 Handling material Rs.2,60,000 Processing purchase orders Rs.7,50,000 General factory Rs.6,00,000 The amount of total
estimated overhead is:

Select one:
a. 19,12,000
b. 18,10,000
c. 19,10,000
d. 18,20,000

Question 11 
Complete
Mark 0.50 out of 0.50

When should a segment be dropped?

Select one:
a. Only When The Decrease In Total Contribution Margin Is Equal To Fixed Cost
b. Only When The Decrease In Total Contribution Margin Is Less Than The Decrease In Variable Cost
c. Only When The Decrease In Total Contribution Margin Is More Than The Decrease In Variable Cost 

d. Only When The Decrease In Total Contribution Margin Is Less Than The Decrease In Fixed Cost

https://slm.imtcdl.ac.in/moodle/mod/quiz/review.php?attempt=32973&cmid=1582 6/16
7/19/2021 Assignment - 2: Attempt review

Question 12
Complete
Mark 0.50 out of 0.50

_______ is designed after assessment of the volume of output to be produced during budget period.

Select one:
a. Production Budget
b. Cost Budget
c. None Of The Above
d. Sales Budget

Question 13
Complete
Mark 0.50 out of 0.50

The process of budgeting helps in the control of

Select one:
a. Capital Expenditure
b. All Of The Above
c. Cost Of Production
d. Liquidity 

https://slm.imtcdl.ac.in/moodle/mod/quiz/review.php?attempt=32973&cmid=1582 7/16
7/19/2021 Assignment - 2: Attempt review

Question 14
Complete
Mark 0.50 out of 0.50

The technique of marginal costing is based on classification of cost into ------

Select one:
a. Variable And Semi-Variable Cost
b. Fixed And Variable Cost
c. None Of These
d. Period And Product Cost

Question 15
Complete
Mark 0.50 out of 0.50

The expected overhead cost for Neel Construction ltd of a particular part cost pool was R.s.5,60,000 and the expected activity was 5,000
parts. The actual overhead cost for the cost pool was Rs.480,000 at an actual activity of 6,000 parts. The activity rate for that cost pool was:

Select one:
a. Rs96 Each Part
b. Rs93.33 Each Part
c. Rs80 Each Part

d. Rs112 Each Part

https://slm.imtcdl.ac.in/moodle/mod/quiz/review.php?attempt=32973&cmid=1582 8/16
7/19/2021 Assignment - 2: Attempt review

Question 16
Complete
Mark 0.50 out of 0.50

Expenses in the form of salary, wages, fringe benefits, and other repeatitive expenses are classified as______ as per Historical Cost Model of
HRA

Select one:
a. Revenue Expense
b. Assets
c. Capital Expense
d. Liabilitities

Question 17
Complete 
Mark 0.50 out of 0.50

The full form of GHG is______

Select one:
a. Group Of Hydrogen Gases
b. Group Of Harmful Gases
c. Green House Group

d. Green House Gases

https://slm.imtcdl.ac.in/moodle/mod/quiz/review.php?attempt=32973&cmid=1582 9/16
7/19/2021 Assignment - 2: Attempt review

Question 18
Complete
Mark 0.50 out of 0.50

Minimum level of stock is computed as:

Select one:
a. Re-Order Level – (Average Usage * Average Lead Time)
b. Average Daily Usage * Lead Time Under Emergency Situations
c. Maximum Consumption* Maximum Lead Time
d. Re-Order Level + Re-Order Quantity – (Minimum Usage * Minimum Lead Time)

Question 19
Complete
Mark 0.50 out of 0.50

Key factor is also called as:

Select one:
a. All Of These.
b. Restricting Factors
c. Governing Factors
d. Limiting Factor 

https://slm.imtcdl.ac.in/moodle/mod/quiz/review.php?attempt=32973&cmid=1582 10/16
7/19/2021 Assignment - 2: Attempt review

Question 20
Complete
Mark 0.50 out of 0.50

Overhead allocation by using ABC mostly leads to__

Select one:
a. Provides The Results Same As Traditional Costing
b. Changes Overhead Costs From High-Volume Products To Low-Volume Products
c. Changes Overhead Costs From Low-Volume Products To High-Volume Products
d. Needs A Predetermined Overhead Rate

Question 21
Complete
Mark 0.50 out of 0.50

Cost of any finished product can be calculated on the basis of

Select one:
a. All The Above
b. Cost Of Material
c. Tax Paid On The Final Product
d. Salary Paid To The Employees 

https://slm.imtcdl.ac.in/moodle/mod/quiz/review.php?attempt=32973&cmid=1582 11/16
7/19/2021 Assignment - 2: Attempt review

Question 22
Complete
Mark 0.50 out of 0.50

___________was signed in 2005 between 41 countries to control the GHG emission

Select one:
a. Kyoto Protocol
b. Basel Accord
c. Non Proliferation Agreement
d. Gatt

Question 23
Complete
Mark 0.50 out of 0.50

Which of the following is one of the two approaches used to analyze data in the decision to keep or discontinue a segment?

Select one:
a. Comparing Contribution Margins And Variable Costs
b. Comparing Gross Margin And Variable Costs
c. Comparing Total Contribution Margin Under Each Alternative
d. Comparing Contribution Margins And Fixed Costs 

https://slm.imtcdl.ac.in/moodle/mod/quiz/review.php?attempt=32973&cmid=1582 12/16
7/19/2021 Assignment - 2: Attempt review

Question 24
Complete
Mark 0.50 out of 0.50

_____________ takes into account the notional cost that may be required to acquire a new employee in place of the present one.

Select one:
a. The Opportunity Cost Approach
b. Present Value Of Future Earnings Method
c. The Replacement Cost Approach
d. The Historical Cost Approach

Question 25
Complete
Mark 0.50 out of 0.50

Warehouse expense is a part of which cost/ overhead?

Select one:
a. Distribution Overhead
b. Factory Overhead
c. Production Overhead
d. Prime Cost 

https://slm.imtcdl.ac.in/moodle/mod/quiz/review.php?attempt=32973&cmid=1582 13/16
7/19/2021 Assignment - 2: Attempt review

Question 26
Complete
Mark 0.50 out of 0.50

A budgeting process which demands each manager to justify his entire budget in detail from beginning is

Select one:
a. Functional Budget
b. Functional Budget
c. None Of The Above
d. Zero Base Budgeting

Question 27
Complete
Mark 0.00 out of 0.50

R&D budget and Capital expenditure budget are examples of

Select one:
a. Short-Term Budget
b. Current Budget
c. Long-Term Budget
d. None Of The Above 

https://slm.imtcdl.ac.in/moodle/mod/quiz/review.php?attempt=32973&cmid=1582 14/16
7/19/2021 Assignment - 2: Attempt review

Question 28
Complete
Mark 0.50 out of 0.50

_________ cost is the amount of benefits foregone from the second-best alternative decision/action.

Select one:
a. Indirect
b. Opportunity
c. Sunk
d. Direct

Question 29
Complete
Mark 0.50 out of 0.50

When fixed cost is deducted from contribution, the balance will be--------

Select one:
a. Total Cost
b. Profit
c. Variable Cost
d. Sales 

https://slm.imtcdl.ac.in/moodle/mod/quiz/review.php?attempt=32973&cmid=1582 15/16
7/19/2021 Assignment - 2: Attempt review

Question 30
Complete
Mark 0.50 out of 0.50

Which of the following is not a Material control technique?

Select one:
a. Stock Level
b. Ved Analysis
c. Maintaining Stores Ledger & Bin Card
d. Abc Analysis

  

https://slm.imtcdl.ac.in/moodle/mod/quiz/review.php?attempt=32973&cmid=1582 16/16