Cost Accounting

Cost Accounting

12th Grade - University

10 Qs

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Cost Accounting

Cost Accounting

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12th Grade - University

Practice Problem

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10 questions

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1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Media Image

Cost Accounting is...

the recording of all the costs incurred in a business
the recording of all the expenses incurred in a business
the recording of all the direct costs incurred in a business
the recording of all the revenue incurred in a business

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Media Image

Cost unit is calculated as

Total Expense/Quantity
Quantity/Total Cost
Total Cost/Quantity
Quantity/Total Expense

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Media Image

Cost is classified into:

Cost and expense
Expense and revenue
Indirect expense and Overheads
Direct cost and Indirect cost

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Prime cost is calculated as:

Direct Material+Direct Labour+Direct Expense
Direct Labour - DirectExpense
Direct Expense+overheads
Direct Cost + Indirect Cost

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Media Image

Worker
Labour
Inventory
Cost

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Media Image

Total Cost =

Direct Cost + Indirect Cost
Prime Cost + Factory Overhead
Direct Expense + Indirect Expense
Prime Cost + Production Cost

7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Costs that possess characteristics of both fixed and variable cost are called...

Semi-variable cost
Step cost
variable cost
fixed cost

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