Question:

Which of the following costing method is suitable for Toy Making Industry?

A.

Contract Costing

B.

Process Costing

C.

Job Costing

D.

Batch Costing

Answer» b. Process Costing

Question:

Which of the following is not a Relevant Cost?

A.

Replacement Cost

B.

Sunk Cost

C.

Marginal Cost

D.

Standard Cost

Answer» b. Sunk Cost

Question:

Which of the following is not a method of costing?

A.

Process Costing

B.

Batch Costing

C.

Direct Costing

D.

Operating Costing

Answer» c. Direct Costing