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Asked Questions From NCERT:


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)


-Added by Master Purushottam Accountancy » Basics Of Cost And Cost Accounting MCQ

Not Answered Yet by Anyone.

Question 2. Asked on :10 August 2021:12:39:41 PM

  Per unit ______ costs remains same.

a) Fixed c) Both a) and b)

b) Variable d) None of these.

-Added by Master Purushottam Accountancy » Basics Of Cost And Cost Accounting MCQ

Not Answered Yet by Anyone.

Question 3. Asked on :10 August 2021:12:39:20 PM

  Out of pocket costs have no relevance in decision making :

a) True b) False.

-Added by Master Purushottam Accountancy » Basics Of Cost And Cost Accounting MCQ

Not Answered Yet by Anyone.

Question 4. Asked on :10 August 2021:12:38:34 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.

-Added by Master Purushottam Accountancy » Basics Of Cost And Cost Accounting MCQ

Not Answered Yet by Anyone.

Question 5. Asked on :10 August 2021:12:38:11 PM

  Haulage is an item of _____ overheads.

a) Research & Development

b) Selling & distribution

c) Works

d) Office.

-Added by Master Purushottam Accountancy » Basics Of Cost And Cost Accounting MCQ

Not Answered Yet by Anyone.

Not Answered Yet by Anyone.

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.

-Added by Master Purushottam Accountancy » Basics Of Cost And Cost Accounting MCQ

Not Answered Yet by Anyone.

Question 9. Asked on :10 August 2021:12:35:36 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.

-Added by Master Purushottam Accountancy » Basics Of Cost And Cost Accounting MCQ

Not Answered Yet by Anyone.

Question 10. Asked on :10 August 2021:12:34:54 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.

-Added by Master Purushottam Accountancy » Basics Of Cost And Cost Accounting MCQ

Not Answered Yet by Anyone.


 

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