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MGT402 - Cost & Management Accounting Online Quiz No. 4 Solution and Discussion Spring 2014 of Virtual University Due Date: August 18, 2014

MGT402 - Cost & Management Accounting Online Quiz No. 4 Solution and Discussion Spring 2014 of Virtual University Due Date: August 18, 2014

Quiz # 04



Dear Students!

This is to inform that Quiz # 04 will be opened on August 17, 2014 and last date to attempt quiz will be August 18, 2014.

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Please all students related this subject Share your online Quizzes here to help each other.thanks


Please share the question and their answers of this quiz if anyone has done.

Plz share maga quiz file for MGT402 Quiz no 4............
Plz share maga quiz file for MGT402 Quiz no 4............

quiz file


dear all i am uploading my mgt402 quiz no.4 date 18-08-2014. This is not fully correct and solved quiz. pls check on your behalf. 


adnan butt


my Quiz # 4: 18-08-14

  1. Consider the following data for the month of April: Closing stock 80 units,Production 280 units,Sales 330 units Based on the data, the opening stock for April will have to be:


  1. Management will make what kind of decision when there will be surplus cash in hand for a certain period?


  1. All of the following are assumptions in constructing a Break even chart EXCEPT:


  1. In which of the following way the last month closing inventory figure will be treated?


  1. Which of the following is true of the manufacturing overhead budget?


  1. Production cost budget is also known as: manufacturing budget


  1. Which of the following factor should be considered while constructing an administrative selling expense budget?


  1. The master budget begins with a:


  1. Usually the first step in the production of the master budget is the: sales budget


  1. Flexible budget is based on which of the following capacity? Actual capacity


  1. The use of budgets to control a firm’s activities is called: budgetary control


  1. Which one of the following factors would cause budgeted revenue to be less than the expected demand? Demand exceeds capacity


  1. A master budget in a service organization will typically include a


  1. All of the following compose cost of goods sold except


  1. Planning for future growth is called: financial forecasting


  1. A budget that requires management to justify all expenditures, rather than just changes from the previous year is referred to as:


  1. Which of the following is the main objective of direct material budget?


  1. If one would prepare a graph with a horizontal axis representing units of production and a vertical axis representing per-unit production cost, how would a line representing fixed production cost is drawn? d. As a straight line sloping downward to the right


  1. Two or more products produced from a common input are termed:  joint products.


  1. Relevant revenue is a revenue that is a(n):


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