Question 1. Asked on :10 August 2021:12:39:59 PM
All costs are _______ in long run,
a) Variable c) Fixed
b) Controllable d) Both a) & b)
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Question 2. Asked on :10 August 2021:12:39:41 PM
Per unit ______ costs remains same.
a) Fixed c) Both a) and b)
b) Variable d) None of these.
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Question 3. Asked on :10 August 2021:12:39:20 PM
Out of pocket costs have no relevance in decision making :
a) True b) False.
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Question 4. Asked on :10 August 2021:12:38:34 PM
_____ costs are non-inventorable costs, as they are not included in the value of finished
stock.
a) Semi fixed costs c) Shut down costs
b) Variable costs d) Period costs.
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Question 5. Asked on :10 August 2021:12:38:11 PM
Haulage is an item of _____ overheads.
a) Research & Development
b) Selling & distribution
c) Works
d) Office.
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Question 6. Asked on :10 August 2021:12:37:49 PM
Match the pairs.
1. Fabrication a) Batch costing
2. Dams b) Job costing
3. Medicines c) Contract costing
4. Chemicals d) Process costing.
a) (1-b)(2-c)(3-a)(4-d)
b) (1-a)(2-b)(3-c)(4-d)
c) (1-c)(2-a)(3-d)(4-b)
d) (1-d)(2-c)(3-a)(4-b)
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Question 7. Asked on :10 August 2021:12:36:44 PM
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Question 8. Asked on :10 August 2021:12:36:28 PM
Abnormal costs are ultimately charged to __________
a) P & L A/c c) Note recorded at all
b) Costing P & L d) Suspense A/c.
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Question 9. Asked on :10 August 2021:12:35:36 PM
28. Which of the following is not an example of shut down cost ?
a) Factory rent c) Direct material
b) Insurance d) Property tax.
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Question 10. Asked on :10 August 2021:12:34:54 PM
A cost which does not involve any cash flow is known as :
a) Notional cost c) Implicit cost
b) Imputed cost d) All of the above.
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