Vidyalelo
Commerce · all questions

Costing
practice.

Practice every MCQ with options. Use Show answers when you want the correct option and solution.

1,309

Questions

1/66

Page

Pick an option on a question to see the right answer and solution.

Basic objective of cost accounting is ________

Select an option to see the answer and solution.

Process costing is suitable for ________.

Select an option to see the answer and solution.

Cost classification can be done in ________.

Select an option to see the answer and solution.

The cost which is to be incurred even when a business unit is closed is a _____.

Select an option to see the answer and solution.

Direct expenses are also called ________.

Select an option to see the answer and solution.

Indirect material used in production is classified as ________.

Select an option to see the answer and solution.

Warehouse rent is a part of ________.

Select an option to see the answer and solution.

Indirect material scrap is adjusted along with ________.

Select an option to see the answer and solution.

Tender is an _______.

Select an option to see the answer and solution.

Total of all direct costs is termed as ________.

Select an option to see the answer and solution.

Audit fess is a part of _______.

Select an option to see the answer and solution.

Cost accounting concepts include all the following except ________.

Select an option to see the answer and solution.

Toy manufacturing industry should use _______.

Select an option to see the answer and solution.

Cost unit of a sugar industry can be ________.

Select an option to see the answer and solution.

The ascertainment of costs after they have been incurred is known as _________.

Select an option to see the answer and solution.

Over time is ________.

Select an option to see the answer and solution.

Time keeping refers to _______.

Select an option to see the answer and solution.

Labour productivity can NOT be measured by comparing ________.

Select an option to see the answer and solution.

Given that for a job standard time is 8 hrs, actual time taken is 6 hrs and the time rate is Rs 2 per hr What is the total wages under Halsey premium plan?

Select an option to see the answer and solution.

Comparing Rowan plan and Halsey plan, it is seen that when the time saved is less than 50% of the standard time ________._

Select an option to see the answer and solution.