Not Answered Questions - askncertquestions.com

  Which of the following are cost as per activity

a) Material, Labour, expense

b) Fined, Variable & Semi-variable

c) Production cost, Office cost

d) All of these.

 10. Which of the following is not correct cause for treatment of selling & Distribution Cost as

Period Cost

a) They are fixed in nature

b) It is difficult to apportion them equally

c) Benefits received from these cost can not be established easily.

d) None

 Match the pairs

a) Direct Material (p) Salary of Supervisor

b) Indirect Material (q) Material passing from one process to other

c) Direct Labour (r) wages to worker

d) Indirect expense (s) Grease

 Statement I:- Costing is aid to management

Statement II:- Cost Accounting helps in Price fixation, in periods of depression & trade

competition

a) Both statement are true & statement I is explanation of II

b) Both statement are True & statement II is explanation for I

c) Only statement I is true

d) Only statement II is true

 Which of the following are objectives of cost Accounting

a) Classification of expenses to all product

b) To indicate inefficiency of management

c) To provide data for decision making

d) All of these

  ________is specialized branch of accounting which involves classification, Accumulation

assignment & Control of Cost

a) Costing

b) Cost Accounting

c) Management Accounting

d) Financial Accounting

 . ___________ is technique of ascertaining cost a) Costing b) Cost Accounting c) Financial Accounting d) None

 Which of the following is technique of costing a) Standard Costing b) Uniform Costing c) Absorption Costing d) Process Costing

 Which of the following is not method of costing? a) Operating costing b) Unit Costing c) Composite Costing d) Marginal Costing

 Which of the following is method of costing