Costing MCQs with Answers 2027

Q221

"Calculate re-order level from the following:
Safety stock: 1000 units
Consumption per week: 500 units
It takes 12 weeks to reach material from the date of ordering"

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Q222

Open question

"From the following information, calculate the extra cost of material by following EOQ:
Annual consumption = 45000 units
Ordering cost per order = Rs 10
Carrying cost per unit per annum = Rs 10
Purchase price per unit = Rs 50
Re-order quantity at present = 45000 units
There is discount of 10% per unit in case of purchase of 45000 units in bulk"

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Q223

Open question

Which of the following is an abnormal cause of Idle time:

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Q224

Open question

If overtime is resorted to at the desire of the customer, then the overtime premium:

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Q225

Open question

Labour turnover means:

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Q226

Open question

Which of the following is not an avoidable cause of labour turnover:

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Q227

Open question

Costs associated with the labour turnover can be categorised into:

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Q228

Open question

"Calculate workers left and discharged from the following:

Labour turnover rates are 20%, 10% and 6% respectively under Flux method, Replacement method and Separation method No of workers replaced during the quarter is 80"

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Q229

Open question

"Calculate workers recruited and joined from the following:

Labour turnover rates are 20%, 10% and 6% respectively under Flux method, Replacement method andSeparation method No of workers replaced during the quarter is 80"

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Q230

Open question

Calculate the labour turnover rate according to replacement method from the following:
No of workers on the payroll:
- At the beginning of the month: 500
- At the end of the month: 600

During the month, 5 workers left, 20 workers were discharged and 75 workers were recruited Ofthese, 10 workers were recruited in the vacancies of those leaving and while the rest were engaged for an expansion scheme

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Q231

Open question

Calculate the labour turnover rate according to Separation method from the following:
No of workers on the payroll:
- At the beginning of the month: 500
- At the end of the month: 600

During the month, 5 workers left, 20 workers were discharged and 75 workers were recruited Of these, 10 workers were recruited in the vacancies of those leaving and while the rest were engaged for an expansion scheme

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Q232

Open question

A worker is allowed 60 hours to complete the job on a guaranteed wage of Rs 10 per hour Under the Rowan Plan, he gets an hourly wage of Rs 12 per hour For the same saving in time, how much he will get under the Halsey Plan?

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Q233

Open question

Overhead refers to:

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Q234

Open question

Allotment of whole item of cost to a cost centre or cost unit is known as:

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Q235

Open question

Which of the following is not a method of cost absorption?

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Q236

Open question

Service departments costs should be allocated to:

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Q237

Open question

Most suitable basis for apportioning insurance of machine would be:

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Q238

Open question

Blanket overhead rate is:

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Q239

Open question

AT Co makes a single product and is preparing its material usage budget for next year Each unit of product requires 2kg of material, and 5,000 units of product are to be produced next year Opening inventory of material is budgeted to be 800 kg and AT co budgets to increase material inventory at the end of next year by 20%. The material usage budget for next year is

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Q240

Open question

"During September, 300 labour hours were worked for a total cost of Rs. 4800 The variable overhead expenditure variance was Rs. 600 (A) Overheads are assumed to be related to direct labour hours of active working.
What was the standard cost per labour hour?"

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