Vidyalelo
Commerce · all questions

Costing
practice.

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

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The type of loss that should not affect cost of inventories is ________.

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The expenses relating to a particular process is ________.

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Normal loss in the manufacturing process leads to _______.

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Abnormal loss and its value are _______.

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Actual loss is more than the predetermined normal loss, it is ________.

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Classification and accumulation of costs by fixed and variable costs is of special importance in ________.

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Process cost is ascertained and recorded in ________.

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Batch costing is useful to determine ________.

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The basis for the payment of cash by contractee under contract is ________.

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Contract a/c is _______.

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operating costing is a ________.

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In goods transport service the cost unit is ________.

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Difference between job time and attendance time is

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Overhead cost is the total of ________.

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Operating costing is suitable for _______.

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Prime cost plus variable overheads is known as________.

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Wages paid to a labour who was engaged in production activities can be termed as _______.

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Classification of cost is useful ________.

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The purpose of financial accounting is to provide information for ________.

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Defectives ________.

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