Asked Questions From NCERT:

 Match the pairs :

1. Degree of traceability to product a) Material Labour, overheads

2. Time b) Admin, selling & distribution

3. Functions c) Direct, Indirect

4. Elements d) Historical, Pre-determinted. 

a) (1-a) (2-b) (3-c) (4-d)

b) (1-c) (2-d), 3-a) (4-b)

c) (1-b) (2-a) (3-d) (4-c)

d) (1-c) (2-d) (3-b) (4-a)

 Match the pairs :

1. Degree of traceability to product a) Material Labour, overheads

2. Time b) Admin, selling & distribution

3. Functions c) Direct, Indirect

4. Elements d) Historical, Pre-determined.

  Expenditure can be classified as capital or revenue in relation to its :

a) Function c) Accounting period

b) Changes in activity d) Both b) & c)

  Costing acts as an aid to

a) Creditors c) National economy

b) Employees d) All of the above.

 14. Cost accounting does not help in making estimates :

a) True b) False.

  _______ is specialized branch of accounting which involves classification, accumulation,

assignment & control of costs :

a) Financial accounting c) Costing

b) Cost accounting d) Cost accountancy.

 11. 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.

  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