Manager Finance interview questions – page 2

Which standard reflects a level of attainment depending on the maximum possible efficiency which may never be achieved?

If Y is total cost, a = fixed cost, b = marginal cost and X is output, what is the linear equation under method of least squares?

What is the determining factor of price in a competitive market?

Which budget contains the picture of total plans during the budget period and it comprises information relating to sales, profit, cost, production etc?

What is the formula for Cash flow from sales?

Subsidiary budgets are also known as what?

A cost centre which relates to equipment or to location is known as what?

True or False: Internal reporting provides financial statement and annual accounts.

Which budget is made to change as per the levels of activity attained?

What is the area of focus on responsibility center?

On the basis of period, budgets may be classified into how many groups?

True or False: In forecast, there is a promise or commitment to achieve estimates.

The payment of income tax, dividend, interest, and donation are examples of what?

How many types of standard are used in the process of establishment of standard costing system?

While selecting optimum product mix what is the real index of profitability?

Equation for Marginal cost is?

What concept is used in budgetary control and what concept is used in standard costing?

The sub-variance of material usage variance, known as Material mix variance is measured as

Variable cost is also known as what?

Which statement is prepared in the process of funds flow analysis?