Cost Management and Pricing Decisions MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on Cost Management and Pricing Decisions, a fundamental topic in the field of Cost Accounting. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our Cost Management and Pricing Decisions MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of Cost Management and Pricing Decisions mcq questions that explore various aspects of Cost Management and Pricing Decisions problems. Each MCQ is crafted to challenge your understanding of Cost Management and Pricing Decisions principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace Cost Accounting tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our Cost Management and Pricing Decisions MCQs are your pathway to success in mastering this essential Cost Accounting topic.

Note: Each of the following question comes with multiple answer choices. Select the most appropriate option and test your understanding of Cost Management and Pricing Decisions. You can click on an option to test your knowledge before viewing the solution for a MCQ. Happy learning!

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Cost Management and Pricing Decisions MCQs | Page 8 of 15

Q71.
If the contribution margin per unit is $500 and the contribution margin percentage is 25%, then the selling price will be
Discuss
Answer: (a).$2,000
Q72.
If the contribution margin percentage is 20% and the selling price is $4000, then contribution margin per unit will be
Discuss
Answer: (d).$800
Q73.
The kind of costs that has been occurred in past are also known as
Discuss
Answer: (c).sunk costs
Q74.
The factor, which is largely considered in making or buying decisions is
Discuss
Answer: (d).both a and b
Q75.
The third step in decision making process is
Discuss
Answer: (c).making predictions
Q76.
As compared to irrelevant cost, the occurrence of relevant costs must
Discuss
Answer: (b).be in future
Q77.
The decisions made by team of individuals or single person, whether to outsource the products or in-source are classified as
Discuss
Answer: (b).make or buy decisions
Q78.
The difference that exists between total revenues, can be earned from two different alternatives is termed as
Discuss
Answer: (c).differential revenue
Discuss
Answer: (d).cost of materials
Q80.
The relevant costs are classified in relevance concepts as
Discuss
Answer: (a).expected future costs