……………is concerned with providing information to management for taking managerial decisions.

Related MCQs

• The definition ‘Management Accounting is the presentation of accounting information in such a way as to assist management in the creation of policy and the day-to-day operation of an undertaking.’
• Which phrase best describes the current role of the managerial accountant?
• The following information belongs to John Manufacturing Company that uses a standard costing system: • Basic wage rate:Rs.12 per hour • Fringe benefits: Rs. 2 per hour • Basic time: 2 hours per unit • Allowance for down time: 0.3 hours per unit • Allowance for brakes: 0.2 hours per unit Based on the above information, what is the standard direct labor cost per unit?
• __________ Accounting becomes a source of information for Management Accounting.
• Match the following general applications of performance assessment with their specific purposes I. Administrative Uses/ Decisions ----- A. Performance Feedback II. Documentation ------ B. Lay - offs III Organizational Maintenance/ Objectives ---- C. Helping to meet legal requirements IV. Developmental Uses ----- D. Evaluation of HR systems
• The responsibility accounting is a system by which the responsibility is assigned to the concerned persons…
• __________ contains the picture of total plans during the budget period and it comprises information relating to sales, profit, cost, production etc.
• The control ratios used by the management to know whether the deviations of the actual performance from the budgeted performance are favourable or unfavourable are __________.
• Which among the following is not a management accounting technique?
• A management concept under which all managers and employees at all stages of company operations strive toward higher standards and a reduced number of defective units are called: