Question:

Which of the following is a Cost Control Technique?

A.

Marginal Costing

B.

Uniform Costing

C.

Standard Costing

D.

Absorption Costing

Answer» c. Standard Costing

Question:

Direct Expenses are also known as

A.

Overhead Expenses

B.

Process Expenses

C.

Chargeable Expenses

D.

None of the above

Answer» c. Chargeable Expenses

Question:

Which of the following term is excluded from the cost accounts?

A.

Income tax

B.

Interest on debenture

C.

Cash discount

D.

All of the above

Answer» d. All of the above

Question:

Which of following is appropriate Cost Unit for timber industry?

A.

Per tonne

B.

Per article

C.

Per Kg.

D.

Per foot

Answer» d. Per foot

Question:

Which one of the following is not a cost unit?

A.

Kilo watt hour

B.

Credit division

C.

Patient day

D.

Tonne-mile

Answer» b. Credit division

Question:

The costs are differentiated between fixed and variable costs under

A.

Marginal Costing

B.

Direct Costing

C.

Standard Costing

D.

Absorption Costing

Answer» a. Marginal Costing

Question:

Which of the following ‘CAS’ is related to “Pollution Cost”?

A.

CAS – 11

B.

CAS – 13

C.

CAS – 14

D.

CAS – 17

Answer» c. CAS – 14

Question:

Prime cost may be correctly termed as 24

A.

the total of all cost items which can be directly charged to product units.

B.

the sums of all direct materials and labour cost excluding all other cost.

C.

the total costs incurred in producing a finished unit.

D.

the sum of the large cost in product cost.

Answer» a. the total of all cost items which can be directly charged to product units.

Question:

Advertisement costs are termed as

A.

Direct Expenses

B.

Cost of Production

C.

Selling Overhead

D.

Distribution Overhead

Answer» c. Selling Overhead

Question:

Which of the following is a suitable cost unit for the BPO Services/Call Centers?

A.

Cost per item

B.

Cost per hour

C.

Cost per account handled

D.

Cost per minute

Answer» c. Cost per account handled