Pak
QuizHub
Home
Important MCQs
Past Papers
About
Contact
Privacy
Cost Accounting Mcqs
/
MCQs
Cost Accounting Mcqs – MCQs
1069 questions. Click to practice.
Show Answers
Correct options are highlighted when revealed.
1.
What is the name of the costing method that integrates both process costing and job costing approaches?
blended costing method
mean costing technique
hybrid costing system
dual costing approach
composite costing method
2.
How do you determine the total assets employed using total available assets and idle assets?
market capitalization
net assets in use
total assets on hand
equity of shareholders
3.
What are the formal information systems within organizations called that guide the company’s learning and focus on critical strategic matters?
interactive control system
belief frameworks
boundary frameworks
diagnostic monitoring systems
4.
Which financial metric is calculated by deducting the rupee value of the required return on investment from the income?
net profit
income after taxes
residual income
operating profit
gross income
5.
The economic value added (EVA) approach is a particular technique used to determine which of the following?
net profit
gross income
residual income
residual capital
operating income
6.
What represents the after-tax average expense of the capital a company utilizes over the long term?
Weighted average cost of capital
Economic value added
Net operating profit after tax
Net earnings
7.
What term describes an individual's drive to perform well for their own personal satisfaction?
intrinsic motivation
external motivation
financial incentive
limited motivation
none of the above
8.
Which financial metric is determined by dividing income by investment?
profit margin
asset turnover ratio
net residual income
return on investment
equity multiplier
9.
Given that the working capital amounts to $265,000 and current liabilities total $378,000, what is the value of the current assets?
$113,000
$643,000
$743,000
$543,000
10.
What term is used to describe the total amount of assets employed to produce income?
DuPont analysis
rate of return
investment
asset turnover
11.
What is the result when you subtract working capital from current assets?
current liabilities
long-term debts
net asset value
net residual income
fixed assets
12.
Given current assets of $250,000 and current liabilities of $135,500, what is the value of the working capital?
$3,855,500
$314,500
$214,500
$114,500
13.
What financial metric is determined by subtracting current liabilities from current assets?
cost of capital opportunity
net working capital
aggregate long-term assets
average weighted cost of capital
14.
Which system within an organization defines the company's purpose, mission, and fundamental values?
interactive management system
belief system
boundary management system
diagnostic management system
15.
Given an operating income of $5,650,000 and total revenue of $68,558,000, what is the return on sales ratio?
8.24%
7.24%
9.24%
10.24%
None of the above
16.
Which metric is obtained by dividing operating income by total revenues?
residual profit
after-tax operating return
operating profit margin
investment return
17.
Given a required rate of return of 13%, an operating income of $375,000, and a total investment amounting to $2,650,000, what is the residual income?
$30,500
$20,500
$25,500
$32,500
18.
Which term is another name for the return on investment?
accrual accounting return rate
accounting return rate
nominal return rate
both A and B
19.
What is the name of the organizational system that sets the limits for acceptable behavior and establishes the code of conduct?
system for interactive control
system based on organizational beliefs
system that defines boundaries
system for diagnostic monitoring
20.
What is the result when you add working capital to current liabilities?
notional assets
leftover assets
current assets
token assets
← Previous
Page 3 of 54
Next →
Cost Accounting Mcqs – MCQs | PakQuizHub