MCQ 1: THe following statements have been made about material flow coat accounting. (1) In material flow cost accounting, waste is treated as negative product and given a cost (2) material flow cost accounting should encourage management to focus on ways of achieving the same amount of finished output with less material input (A) 1 only (B) 2 only (C) neither 1 nor 2 (D) both 1 and 2

MCQ 2: the following statements have been made about throughput accounting (1) Direct labour should be treated as factory cost while measuring throughput (2) if machine time is the bottleneck resource, there is no value in taking measures to improve direct labour efficiency which of the above statement is/are true (A) 1 only (B) 2 only (C) neither 1 nor 2 (D) both 1 and 2 mcq 3: A group of labour has a learning curve of 85%. if the labour cost of first 50 units (first batch) cost a total of RS20000 as labour cost. the third batch of 50 units will have a labour cost of (A) Rs17000 (B) RS16500 (C) RS 15500 (D) RS 14450

MCQ4: market skimming price refers to (A) selling skimmed milk (B) selling to selected few (C) selling to rich market segment (D) making product available in the market