Accounting Practice MCQ Page 33

Multiple Choice questions for Accounting in the sets of 10 each on one page with questions and answers. All sets are useful in the preparation of subject tests for employment or admission.
Question: 2173   when sales jumped form RS. 4,00,000 and profit increased by Rs. 40,000, the p/v ratio is
  1. 7.5%
  2. 10%
  3. 40%
  4. cannot be computed
Question: 2174   when total fixed cost is RS. 50,000 and variable cost to sales is 75%, the break-even point id
  1. RS. 37,500
  2. RS. 12,500
  3. RS. 2,00,000
  4. cannot be determined
Question: 2175   on sales if RS.2,00,000. fixed cost is RS. 30,000 and p/v ratio is 40% what is the profit
  1. RS50,000
  2. RS. 80,000
  3. RS. 12000
  4. None of these
Question: 2176   In the chart given in 3.32 above, the horizontal line OL represents
  1. sales
  2. fixed cost
  3. total cost
  4. profit
Question: 2177   In break-even chart, x-axis represents
  1. value of sales in rupee value
  2. volume of sales in units
  3. volume of production in units
  4. production capacity in percentage
  5. Any of these
Question: 2182   In break-even chart, Y-axis represents
  1. volume of sales in units
  2. volume of sales in rupees
  3. cost and sales in rupees
  4. value of production in rupees
  5. Any of these
Question: 2187   when it is desired to read contribution margin in break-even chart,than
  1. variable cost should be first plotted and fixed cost should be superimposed thereon
  2. fixed cost should not be first plotted and variable cost should be superimposed thereon thereon
  3. fixed cost should not be plotted at all in the chart
Question: 2206   when sales are RS. 8000 and P/V is 80% the amount of variabLe cost is
  1. RS. 64,000
  2. RS. 16,000
  3. Rs. 48,000
  4. cannot be known
Question: 2210   In order to earn a profit of RS. 10,000, when fixed cost is RS. 20,000 and P/v ratio 20% the amount of sales should be
  1. RS. 40,000
  2. RS. 30,000
  3. RS. 1,00,000
  4. RS. 1,50,000
Question: 2212   WHEN PROFIT CHANGES BY rs. 20,000, The sales changes by RS. 25,000, the P/V ratio is
  1. 20%
  2. 80%
  3. 25%
  4. cannot be calculated
Question: 2213   when sales volume increases
  1. break-even point increases
  2. total profit will increase
  3. total loss will increase
  4. All of the above
Question: 2216   which of the following would cause the greatest increase in the unit contribution margin
  1. 20% decrease in fixed cost
  2. 20% increase in selling price
  3. 20% decrease in variable cost

Answers to the questions of Accounting on this page

Following list gives the correct choice for the answer of the Accounting mcqs.
2173 . C       2174 . C       2175 . A       2176 . A       2177 . E       2182 . C       2187 . A       2206 . C       2210 . D       2212 . B       2213 . B       2216 . B      

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