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Created on May 07, 2026 By

CA Sonal Saboo

CMA Inter

Inter Management Accounting PN-12 Quiz 3

This quiz is based on the CMA Management Accounting paper.
Each question is multiple-choice with 4 options, and only 1 option is correct.
Attempt the quiz to test your understanding of CMA MA concepts.

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Category: Management Accounting PN-12

1. net profit ratio is 12% and bep is 40 % of total sales compute pv ratio

a. 60%

b. 52%

c. 28%

d. 20%

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Category: Management Accounting PN-12

2. Factors which can change the break even point

a. change in total fixed costs

b. change in variable costs per unit

c. change in the selling price per unit

d. All of the above.

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Category: Management Accounting PN-12

3. It is pallned sell 1,00,000 units of product A at ₹12 per unit. Fixed Costs are ₹2,80,000 .To achive a profit of ₹2,00,000 what would the variable costs be ?

a. ₹ 4,80,000

b. ₹ 7,20,000

c. ₹ 9,00,000

d. ₹ 9,20,000

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Category: Management Accounting PN-12

4. Contribution margin is equal to

a. Sales - Fixed Cost - Profit

b. Profit + Variable Cost

c. Fixed Cost - Loss

d. None of the above

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Category: Management Accounting PN-12

5. Marginal costs is taken as equal to

a. Prime Cost plus all variable overheads

b. Prime Cost minus all variable overheads

c. Variable overheads

d. None of the above

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Category: Management Accounting PN-12

6. period costs are :

a. variable cost

b. fixed cost

c. prime cost

d. overheads cost

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Category: Management Accounting PN-12

7. Under marginal costing ,the cost of product for inventory valuation includes

a. prime costs and variable factory overheads

b. prime cost only

c. prime costs and Fixed factory overheads

d. prime costs and all factory overheads

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Category: Management Accounting PN-12

8. Pv ratio will increase if there is -

a. a decrease in fixed cost

b. an increase in fixed cost

c. a decrease in selling price per unit

d. a decrease in variable cost per unit

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Category: Management Accounting PN-12

9. Determine B.E.P if Sales is ₹1,00,000, Variable cost is ₹50,000 and Profit is ₹20,000.

a. ₹ 60,000

b. ₹ 40,000

c. ₹ 80,000

d. None of the above

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Category: Management Accounting PN-12

10. 9. Determine B.E.P in units and amount if Units produced if ₹10,000, Fixed cost is ₹40,000, Selling price is ₹50 per unit and Variable cost us ₹30 per unit.

a. ₹40 per unit, ₹2,00,000

b. ₹50 per unit, ₹10,00,000

c. ₹20 per unit, ₹1,00,000

d. None of the above

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Category: Management Accounting PN-12

11. What will be sales in units if fixed cost is ₹50,000 Contribution per unit is ₹60 and desired profit per unit is ₹10.

a. ₹6,000 units

b. ₹ 1,000

c. ₹1,000 units

d. ₹ 6,000

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Category: Management Accounting PN-12

12. Determine sales in units for desired profit if Fixed cost is ₹15,000, desired profit is ₹5,000 Selling price per unit is ₹20 and Variable cost per unit is ₹16.

a. ₹5,000 units

b. ₹ 5,000

c. ₹ 10,000

d. ₹10,000 units

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Category: Management Accounting PN-12

13. Calculate sales in rupees for desired profit if fixed cost is ₹10,000, selling price is ₹20 per unit, Variable cost is ₹15 per unit and desired profit is ₹1 per unit

a. ₹ 20,000

b. ₹ 50,000

c. ₹ 70,000

d. ₹ 10,000

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Category: Management Accounting PN-12

14. What will be sales in rupees for desired profit if fixed cost is ₹30,000, desired profit is ₹15,000 and P/V ratio is 30%?

a. ₹ 1,50,000

b. ₹ 1,00,000

c. ₹ 2,00,000

d. None of the above

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Category: Management Accounting PN-12

15. Determine sales in rupees for desired profit if fixed cost is ₹10,000, Variable cost is ₹30,000, Sales is ₹50,000 and desired profit is ₹5,000.

a. ₹ 73,500

b. ₹75,000

c. ₹ 5,000

d. ₹ 37,500

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Category: Management Accounting PN-12

16. What is Margin of Safety if Sales is 20,000 units and B.E.P is 15,000 units?

a. 15000 units

b. 5000 units

c. 10000 units

d. 20000 units

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Category: Management Accounting PN-12

17. Determine Margin of safety if Profit is ₹15,000 and P/V ratio is 40%.

a. ₹ 37,500

b. ₹ 33,000

c. ₹ 38,000

d. None of the above

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Category: Management Accounting PN-12

18. A decrease in sales price

a. does not affect the break-even point

b. lowers the fixed cost

c. Increases the break-even point

d. lowers the break-even point

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Category: Management Accounting PN-12

19. Under marginal costing system, the contribution margin discloses the excess of

a. Revenue over fixed costs

b. Projected revenues over the break-even point

c. Revenues over variable costs

d. Variable costs over fixed costs

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Category: Management Accounting PN-12

20. Margin of safety is referred to as

a. Excess of budgeted or actual sales over the variable expenses and fixed expense, at break-even.

b. Excess of budgeted or actual sales revenue over the fixed expenses.

c. Excess of actual sales over budgeted sales.

d. Excess of sales revenue over the variable expenses

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Category: Management Accounting PN-12

21. Within a relevant range, the amount of variable costs per unit

a. Differs at each production level

b. Remains constant at each production level

c. Increases as production increases

d. Decreases as production increases

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Category: Management Accounting PN-12

22. Fixed cost per unit decrease when

a. Production volume increases

b. Production volume decreases

c. Variable costs per unit decreases

d. Prime costs per unit decreases

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Category: Management Accounting PN-12

23. Contribution margin is known as

a. Marginal income

b. Gross profit

c. Net income

d. Net profit

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Category: Management Accounting PN-12

24. Margin of safety is referred to as:

a. Excess of actual sales over fixed expenses;

b. Excess of actual sales over variable expenses;

c. Excess of actual sales over break-even sales;

d. Excess of budgeted sales over fixed costs.

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Category: Management Accounting PN-12

25. The primary difference between a fixed budget and a variable (flexible) budget is that a fixed budget:

a. includes only fixed costs, while a variable budget includes only variable costs.

b. is concerned with only further acquisitions of fixed costs, while a variable budget is concerned with expenses which vary with sales.

c. cannot be changed after the period begins, while a variable budget can be changed after the periodbegins.

d. is a plan for a single level of sales (or other measure of activity), while a variable budget consists of several plans, one for each of several levels of sales (or other measures of activity).

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Inter PN-12 Management Accounting Quiz 3

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