Cost Accounting MCQs with answers Page - 10

You will find multiple-choice questions (MCQs) related to #Cost Accounting here. Go through these questions to prepare effectively for your upcoming exams and interviews.

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A

Admin • 802.91K Points
Coach

Q. A cost which changes in total with production volume but remains same per unit is:

  • (A) Fixed cost
  • (B) Step cost
  • (C) Variable cost
  • (D) Sunk cost

A

Admin • 802.91K Points
Coach

Q. Which level ensures that materials are available for production?

  • (A) Maximum level
  • (B) Reorder level
  • (C) Minimum level
  • (D) Safety stock

A

Admin • 802.91K Points
Coach

Q. Depreciation is a part of:

  • (A) Material cost
  • (B) Direct expenses
  • (C) Factory overheads
  • (D) Selling overheads

A

Admin • 802.91K Points
Coach

Q. Job cards are used to record:

  • (A) Inventory usage
  • (B) Time spent on each job
  • (C) Machine breakdowns
  • (D) Overhead rates

A

Admin • 802.91K Points
Coach

Q. Which is not a technique of costing?

  • (A) Standard costing
  • (B) Marginal costing
  • (C) Historical costing
  • (D) Contract costing

A

Admin • 802.91K Points
Coach

Q. What is a by-product?

  • (A) The main product in production
  • (B) An item that results incidentally with main product
  • (C) A scrap item
  • (D) Waste material

A

Admin • 802.91K Points
Coach

Q. An ideal costing system must have:

  • (A) Minimum records
  • (B) High cost of operation
  • (C) Complex procedures
  • (D) Accuracy and simplicity

A

Admin • 802.91K Points
Coach

Q. Which is deducted from material cost?

  • (A) Freight inward
  • (B) Insurance
  • (C) Trade discount
  • (D) Cartage
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