Costing Old Syllabus MCQ

Which of the following is not a method of overheads absorption –

The state of production at which separate products are identified is known as —

A cost centre which is engaged in production activity by conversion of raw material into finished product is called –

Which one of the following industry adopts batch costing in determining the total cost –

Cost accounting is –

The establishment of budgets, standard costs and actual costs of operations, processes, activities or products, and the analysis of variances, profitability or the social use of funds is known as –

Costs which are constant for a given level of output and then increase by a fixed amount at a higher level of output are called –

‘Contract costing’ is used in which of the following –

Sunk costs are –