2. Management accounts must follow GAAP/IAS/IFRS to prepare managerial reports. Indicate the mentioned statement whether true or false.

A. TRUE

B. FALSE

3. Which of the following is not the pillar of managerial accounting?

A. Planning

B. Controlling

C. Communication

D. Decision making

4. Which one of the following is not a discretionary fixed costs?

A. Advertising

B. Research

C. Internship for the students

D. Salaries of top management

5. Which of the following is not the professional code of conducts?

A. Competence

B. Disclosure of all information to third party

C. Integrity

D. Credibility

6. Why does managerial matters to your personal and professional career?

A. To make intelligent decisions;

B. To make smart investment O decisions;

C. To learn skills that will make personal and professional career easier for you to adopt to an uncertain future:

D. All of the above.

7. Per unit fixed cost is variable or fixed within the relevant range

A. Variable

B. Fixed

8. ABC Company Ltd. operates a fleet of 1 point delivery trucks in Dhaka. The company has determined that if a truck is driven 1.25.000 kilometres during a year, the average operating costs is Tk. 12.50 per kilometre. If a truck is driven only 90.000 kilometres during a year, the average operating costs increases to Tk. 13.50 per kilometre. Using the high and low method, estimate the variable cost per kilometre and fixed costs per annum of the annual truck operations: If a truck were driven 95.000 kilometres during a year, what total costs would you expect to be incurred?

A. Tk.12,46,600

B. TK.12,64,600

C. Tk.12.80,000

D. Tk12,50,000

9. ABC Company Ltd. operates a fleet of 1 point delivery trucks in Dhaka. The company has determined that if a truck is driven 1.25.000 kilometres during a year, the average operating costs is Tk. 12.50 per kilometre. If a truck is driven only 90,000 kilometres during a year, the average operating costs increases to Tk. 13.50 per kilometre. Using the high and low method, estimate the fixed costs per annum of the annual truck operations; and choose the correct answer from the following.

A. Tk.3,20,000

B. Tk3,21,250

C Tk.3.50,000

D. Tk.4,50,000

10. ABC Company Ltd. operates a fleet of 1 point delivery trucks in Dhaka. The company has determined that if a truck is driven 1.25.000 kilometres during a year, the average operating costs is Tk. 12.50 per kilometre. If a truck is driven only 90.000 kilometres during a year, the average operating costs increases to Tk. 13.50 per kilometre. Using the high and low method, estimate the variable per kilometre of the annual truck operations; and choose the correct answer from the following.

A. Tk.9.50 per kilometre

B. Tk9.59 per kilometre

C. Tk9.93 per kilometre

D. Tk9.39 per kilometre