Cost Accounting Quiz 1

Wages paid to time clerk is an example of:

• Office Cost

• Direct Cost

• Indirect Cost

• Sales and Distribution Cost

In some cases, cost unit and ___________ may be one and the same

Methods of distribution of expenses in Factory are

• Apportionment

• Appropriation

• Partition

• Division

• Absorption

Unit cost and unit costing means one and the same thing.

• True

• False

The method of Cost Accounting is adopted by this company is:

• Unit Costing

• Contract Costing

• Absorption Costing

• Process Costing

 $\sqrt{\frac{2XAC\times OA}{AC}}$  this is the formula for

• ABC Method

• EOQ Method

• Standard Method