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Costing MCQs: 25 Questions & Answers in Faculty

25 Costing MCQs in Faculty with answers & explanations. Practice objective questions for competitive exams, interviews & self-assessment — free on Extra Educ… Use the answer toggle below to show or hide all solutions, tap an option to check one question, or open a question for its own page.

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Costing MCQs: 25 Questions & Answers in Faculty

Halsey premium plan is ____________

Material requisition is meant for _____________

The three major elements of product costs are all except____________

The basic rule of preparing the reconciliation statement is _______________

The variables production overheads shall be absorbed in production cost based on ______________ capacity

If an item of overhead expenditure is charges specifically to a single department this would be an example of ____________

An employee is eligible for getting overtime wage if he/ she works for more than ____________

Material controls involves control over _____________

A cost unit is _____________

Notional interest charged to owner for drawings income credited only in _____________

The document which is prepared after receiving and inspecting material _____________

Which of the following is not an example of marketing overheads ?

Labour costs __________Salaries and wages paid to temporary employees.

Which of the following bases is not a appropriate for apportionment of transport department cost ?

Number of methods avaliable for calculation of labour turn over is ________________

Material is issued by store keeper against _____________

Indirect cost are known as ______

____________ may be valued on a FIF basis in cost accouts and LIFO basis in financial accounts.

Subsidy receivable with respect to any material shall be __________cost of material

Which of the following is not a means whereby factory overheads can be charged out to production ?

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