Question 1. Asked on :10 August 2021:12:48:03 PM
Inspection charges which cannot be identified with a particular product should be
treated as
a) Research and development overheads
b) Selling overheads
-Added by Master Purushottam Accountancy » Basics Of Cost And Cost Accounting MCQ
Not Answered Yet by Anyone.
Question 2. Asked on :10 August 2021:12:47:33 PM
Secondary packing expenses is an example of :
a) Selling overheads c) Both of the above
b) Distribution overheads d) None of the above.
-Added by Master Purushottam Accountancy » Basics Of Cost And Cost Accounting MCQ
Not Answered Yet by Anyone.
Question 3. Asked on :10 August 2021:12:45:04 PM
Secondary packing expenses is an example of :
a) Selling overheads c) Both of the above
b) Distribution overheads d) None of the above.
-Added by Master Purushottam Accountancy » Basics Of Cost And Cost Accounting MCQ
Not Answered Yet by Anyone.
Question 4. Asked on :10 August 2021:12:43:29 PM
Advertising expenses, commission to salesman, depreciation on delivery van are
examples of :
a) Selling overheads
b) Distribution overheads
c) Both of the above.
d) None of the above.
-Added by Master Purushottam Accountancy » Basics Of Cost And Cost Accounting MCQ
Not Answered Yet by Anyone.
Question 5. Asked on :10 August 2021:12:42:59 PM
The costing method in which fixed expenses are charged to product along with variable
expenses is known as –
a) Direct costing, c) Absorption costing
b) Marginal costing d) ABC.
-Added by Master Purushottam Accountancy » Basics Of Cost And Cost Accounting MCQ
Not Answered Yet by Anyone.
Question 6. Asked on :10 August 2021:12:42:23 PM
In element wise classification of overheads, which of the following is not included-
a) Factory overheads c) Material
b) Indirect labour d) Indirect expenditure.
-Added by Master Purushottam Accountancy » Basics Of Cost And Cost Accounting MCQ
Not Answered Yet by Anyone.
Question 7. Asked on :10 August 2021:12:41:50 PM
Fixed cost per unit increases when –
a) Production volume increases
b) Production volume decreases
c) Variable cost / unit decreases
d) Variable cost / unit increases.
-Added by Master Purushottam Accountancy » Basics Of Cost And Cost Accounting MCQ
Not Answered Yet by Anyone.
Question 8. Asked on :10 August 2021:12:41:20 PM
In ______ stock is valued only at cost :
a) Financial accounting
b) Cost accounting
c) Human resource accounting
d) None of these.
b) Loss Centre d) Both a) & c)
-Added by Master Purushottam Accountancy » Basics Of Cost And Cost Accounting MCQ
Not Answered Yet by Anyone.
Question 9. Asked on :10 August 2021:12:40:53 PM
A responsibility center in which a manager is accountable for costs only is called
___________.
a) Profit center c) Cost center
-Added by Master Purushottam Accountancy » Basics Of Cost And Cost Accounting MCQ
Not Answered Yet by Anyone.
Question 10. Asked on :10 August 2021:12:40:35 PM
Management accounting is an extension of :
a) Financial accounting
b) Responsibility accounting,
c) Cost accounting
d) All of the above.
-Added by Master Purushottam Accountancy » Basics Of Cost And Cost Accounting MCQ
Not Answered Yet by Anyone.
User Earned Point: Select
Sponsers link