Cost Accounting MCQs with answers Page - 6

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.

To view the correct answer for any question, simply click the "Show Answer" button.

Have a question to share? Click on "Add Question" to contribute!

A

Admin • 802.91K Points
Coach

Q. CAS are issued in India by:

  • (A) RBI
  • (B) ICAI
  • (C) SEBI
  • (D) CBDT

A

Admin • 802.91K Points
Coach

Q. Which of the following is not included in material cost?

  • (A) Freight inward
  • (B) Octroi duty
  • (C) Trade discount
  • (D) Packing charges

A

Admin • 802.91K Points
Coach

Q. Which of the following is a variable cost?

  • (A) Rent
  • (B) Salaries
  • (C) Raw materials
  • (D) Depreciation

A

Admin • 802.91K Points
Coach

Q. Cost classification by behaviour includes:

  • (A) Fixed, variable, semi-variable
  • (B) Direct and indirect
  • (C) Product and period cost
  • (D) Controllable and uncontrollable

A

Admin • 802.91K Points
Coach

Q. A factory incurs Rs. 5000 on direct material, Rs. 3000 on direct labour and Rs. 2000 on direct expenses. The prime cost is:

  • (A) Rs. 8000
  • (B) Rs. 10000
  • (C) Rs. 9000
  • (D) Rs. 7000

A

Admin • 802.91K Points
Coach

Q. Factory cost is calculated as:

  • (A) Prime cost + Factory overheads
  • (B) Prime cost + Admin overheads
  • (C) Total cost – Selling expenses
  • (D) Prime cost + Selling overheads

A

Admin • 802.91K Points
Coach

Q. Budgetary control helps in:

  • (A) Tax calculation
  • (B) Cost allocation
  • (C) Controlling business activities
  • (D) Product costing

A

Admin • 802.91K Points
Coach

Q. A cost that remains fixed in total but decreases per unit with increase in production is:

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

A

Admin • 802.91K Points
Coach

Q. Which of the following is an uncontrollable cost?

  • (A) Wages
  • (B) Rent
  • (C) Electricity
  • (D) Depreciation

A

Admin • 802.91K Points
Coach

Q. The main purpose of a cost sheet is to:

  • (A) Record financial transactions
  • (B) Show gross profit
  • (C) Show cost per unit
  • (D) Calculate cash flows
What's Tag

As you may know, questions are organized under broad categories. Each category can include various types of questions. For example, the "History" category might contain questions about the Revolt of 1857, Shivaji Maharaj, Ancient History, Buddhism, and more.

To further refine this organization, we've introduced tags, which act as sub-categories to group questions more specifically.

Verified users can add tags to any question. If you have any suggestions regarding this system, we'd love to hear from you. Contact Us

Learn More