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Costing Old Syllabus MCQ

Logo of telegram channel costingmcq — Costing Old Syllabus MCQ C
Logo of telegram channel costingmcq — Costing Old Syllabus MCQ
Channel address: @costingmcq
Categories: Economics
Language: English
Subscribers: 1.10K
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The latest Messages 10

2021-11-16 04:29:18
Bill of material acts as an authorisation to the stores department in procuring the material and all the materials listed on the bill are sent to the –
Anonymous Quiz
7%
Sales Department
45%
Production Department
20%
Accounts Department
29%
Stores Department
128 voters317 views01:29
Open / Comment
2021-11-16 04:28:43
Which of the following is generally used as cost unit in cement industry?
Anonymous Quiz
74%
Per Tonne
6%
Per kiloliter
15%
Per gallon
4%
None of the above
137 voters312 views01:28
Open / Comment
2021-11-16 04:27:43
………...... is form of specific order costing which applies where work is undertaken as per customer’s specific requirement.
Anonymous Quiz
14%
Batch costing
6%
Operation costing
74%
Job costing
7%
Composite costing
133 voters306 views01:27
Open / Comment
2021-11-15 04:30:54
A technique where standardized principles and methods of cost accounting are employed by a number of different companies and firms, is termed as……………….
Anonymous Quiz
53%
Uniform costing
12%
Absorption costing
27%
Standard costing
8%
ABC Costing
139 voters360 views01:30
Open / Comment
2021-11-15 04:29:55
In an activity-based costing system, direct materials used would typically be classified as a:
Anonymous Quiz
36%
Unit Level Cost
23%
Batch Level Cost
32%
Product Level Cost
9%
Facility Level Cost
136 voters347 views01:29
Open / Comment
2021-11-15 04:29:16
Cash received on contract is credited to…………
Anonymous Quiz
52%
Contract Account
1%
Plant Account
16%
Work-in-Progress Account
30%
Contractee’s Account
140 voters329 views01:29
Open / Comment
2021-11-14 04:42:47
Job costing used in………….
Anonymous Quiz
15%
Paper mills
10%
Chemical Works
52%
Printing works
23%
Textile mills
163 voters368 views01:42
Open / Comment
2021-11-14 04:42:00
Which of the following is not indirect costs?
Anonymous Quiz
14%
Advertising, legal charges, audit fees, bad debts etc.
48%
Cost of making a design, pattern for a specific job
19%
Lighting and heating of office building
19%
Depreciation, repairs and maintenance of plant and machinery
144 voters359 views01:42
Open / Comment
2021-11-14 04:41:13
Which one of the following is not a part of reciprocal method for re-distribution of service departments' overheads to production departments —
Anonymous Quiz
15%
Simultaneous equation method
34%
Step method
29%
Repeated distribution method
22%
Trial and error method
126 voters356 views01:41
Open / Comment
2021-11-08 03:52:35
The stage of production where separate products are identified is called ........ .
Anonymous Quiz
84%
Split off point
6%
Border point
6%
Edge point
3%
Normal point
32 voters60 views00:52
Open / Comment

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