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Asked Questions From NCERT:


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.


 

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