AIMA Online Exam Solution 2021
For solution Call at +91-9911899400 (What’s App Available)
Question 1:- Which of the following is not a tool of management accounting?
a)Decision accounting
b)Standard costing
c)Budgetary control
d)Human Resources Accounting
Question 2: A manager, who is responsible for both cost and revenues belongs to department of
a)Cost center
b)Revenue center
c)Profit center
d)Investment center
Question 3:Per unit opportunity cost to selling subunit of company, is added into per unit incremental costis incurred at point of transfer to calculate
a)Minimum operating cost
b)Maximum operating cost
c)Minimum transfer price
d)Maximum transfer price
Question 4: Important components of agency cost are:
a)Monitoring
b)Binding
c)Opportunity cost
d)All of these
Question 5:-
Under absorption costing, magnitude for favourable volume production variance is affected bychoice of
a)Unplanned level
b)Budget level
c)Numerator level
d)Denominator level
Question 6:-
The part of fixed cost which can not be recovered is called:
a)Escapable costs
b)Suspension costs
c)Special costs
d)Sunk costs
Question 7: Wealth maximization is done through:
a)Profit maximization
b)Effective dividend payout decisions
c)Proper analysis of risk and uncertainty
d)All of these
Question 8: Product which requires low amount of resources, but incur high per unit cost is classified as
a)Product under costing
b)Product over costing
c)Expected under cost
d)None of these
Question 9: Higher the ratio, the more favourable it is, doesn’t stands true for
a)Liquidity ratio
b)Operating ratio
c)Net profit ratio
d)Stock turnover ratio
Question 10: Which of the following will not result into flow of funds?
a)Issue of shares for cash
b)Cash sale of goods
c)Purchase of machine by issue of shares
d)Collection from debtors
Question 11:In the context of Funds flow analysis, `funds` means
a)Current assets
b)Net working capital
c)Total investment
d)Shareholders funds
Question 12:-
Which of the following is a source of funds?
a)Conversion of debentures into shares
b)Issue of bonus shares
c)Purchase of machine by issue of shares
d)None of these
Question 13:-
Managers using capacity planning do not make
a)Pricing decision
b)Marketing decision
c)Financing
d)Cost budgeting
Question 14: Product profitability is best judged through
a)P/V Ratio
b)Gross Profit Ratio
c)Operating Leverage
d)None of these
Question 15:An approach used for choosing capacity level, having no beginning inventory is classified as
a)Write off variance approach
b)Write in variance approach
c)Adjusted variance approach
d)Unadjusted variance approach
Question 16: If fixed cost is Rs. 25000, required profit is Rs. 5000 and P/V ratio is 40 percent, the desiredsales will be:
a)Rs. 75,000
b)Rs. 37,500
c)Rs. 42,500
d)None of these
Question 17: If price > marginal cost, but < total cost
a)Order should be accepted
b)Order should not be accepted
c)Decision will depend on product type
d)None of these
Question 18: Find Profit if Margin of safety is Rs 75,000 and P/V ratio is 40%.
a)Rs. 37,500
b)Rs. 30,000
c)Rs. 42,500
d)None of these
Question 19: If opportunity cost per unit is Rs. 45, incremental cost per unit is Rs. 65, then minimum transfer price will be
a)Rs. 20
b)Rs. 45
c)Rs. 65
d)Rs. 110
Question 20: If nominal interest rate of 10 percent is compounded on quarterly rests, the effective interestrate will be
a)10.36 percent
b)10.26 percent
c)10.38 percent
d)10.32 percent
Case Study
A company produces X, Y and Z from a raw material M. For every 100 tonnes of M put into production it obtains 50 tons of product X, 30 tons of Y and 15 tons of Z, while 5 tons goes as waste. The selling price of X, Y and Z is Rs. 40, Rs. 60 and Rs. 80 per ton. The cost of raw material M is Rs. 20 and variable processing costs are Rs. 10. Variable marketing costs are budgeted to be at the rate of 10 percent of sales value.Budgeted fixed overheads per annum are: Manufacturing – Rs. 40,000, Marketing – Rs. 30,000, and Administration – Rs. 20,000. The company intends to process 10,000 tonnes of material M in the coming year.
Question 21:- Fixed Cost is Rs.
a)75000
b)60000
c)90000
d)55000
Question 22: Contribution is Rs.
a)12 per unit
b)15 per unit
c)16 per unit
d)18 per unit
Question 23: Net Profit is Rs.
a)24000
b)260000
c)280000
d)300000
Question 24:-
Break Even Point is Rs.
a)300000
b)350000
c)250000
d)275000
Question 25: Maximum Price Per Ton is Rs.
a)16
b)16.5
c)17.5
d)18.5