Correct Answer:
A. Contains both fixed and variable components
Examples include utility bills with a fixed line rental plus a charge per unit used.
November 13, 2026 · Accounting and Finance MCQs, Cost & Management Accounting MCQs
A mixed (semi-variable) cost is a cost that:
Related MCQs
Which of the following is NOT one of Adam Smith's canons of taxation?
A.
Equity
B.
Certainty
C.
Elasticity
D.
Economy
Correct answer is:
C. Elasticity
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The present value of future cash flows is Rs. 150,000 and the initial investment is Rs. 100,000. The profitability index is:
A.
1.5
B.
0.67
C.
50,000
D.
2.5
Correct answer is:
A. 1.5
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A trial balance is prepared mainly to:
A.
Prove that the accounts are free from all errors
B.
Calculate the tax payable
C.
Replace the balance sheet
D.
Check the arithmetical accuracy of the ledger by comparing total debit and credit balances
Correct answer is:
D. Check the arithmetical accuracy of the ledger by comparing total debit and credit balances
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Sales are Rs. 200,000 and variable costs are Rs. 120,000. The contribution margin ratio is:
A.
40%
B.
60%
C.
30%
D.
80%
Correct answer is:
A. 40%
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INTOSAI stands for:
A.
International Office of Standard Audit and Investigation
B.
International Organization of Supreme Audit Institutions
C.
International Organization of Statutory Auditors and Inspectors
D.
Institute of National Taxation and Statistics
Correct answer is:
B. International Organization of Supreme Audit Institutions
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Treasury bills (T-bills) are:
A.
Long-term bonds with 30-year maturity
B.
Short-term government securities issued at a discount
C.
Shares of public companies
D.
Foreign exchange reserves
Correct answer is:
B. Short-term government securities issued at a discount
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