Commerce · all questions

Costing
practice.

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Q301

An acquisition cost of raw material is to be used in manufacturing, and becoming a component of cost object is classified as

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Q302

Wages and other benefits, provided to assembly line workers and operators of machine are classified under

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Q303

Conversion cost is subtracted from manufacturing overhead cost is to calculate the

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Q304

Labour which works as forklift truck, plant guards and rework labour is classified as

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Q305

Inventory of final goods that are not yet sold is called

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Q306

Costs which are considered as expenses in accounting period are also known as

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Q307

Health care premium for workers and pension costs are included in

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Q308

All costs, which are assigned to manufactured products for specific calculations are classified as

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Q309

If direct material cost is

5500 an d p r im ecos t i s

25000, then direct manufacturing labour would be

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Q310

Direct manufacturing labour costs is

40000 an d man u f a c t u r in g o v er h e a d cos t i s

7000, then conversion cost would be

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Q311

If direct material cost is

85000 an dd i r ec t man u f a c t u r in g l ab o u r i s

25000, then prime cost would be

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Q312

In costing of project, wages paid to workers for unproductive work at time of material shortage is termed as

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Q313

Conversion cost is subtracted from direct manufacturing labour cost is to calculate the

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Q314

An inward delivery charges and custom duties are classified as

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Q315

Supplies, plant maintenance, plant rent, plant insurance and cleaning labour comes under which type of costs?

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Q316

If conversion cost is

25000 an dd i r ec t man u f a c t u r in g l ab o u r cos t i s

17000, then manufacturing overhead cost would be

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Q317

For companies in service sector, cost which is not considerable is

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Q318

An overtime is considered in cost accounting as

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Q319

In income statement of merchandising costs, period cost includes all costs which are not related to

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Q320

Wages paid to workers of factory are termed as

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