COST ACCOUNTING -B.COM 6TH SEMESTER

Quiz
•
Other, Business
•
University
•
Medium
Manisha Jindal
Used 43+ times
FREE Resource
50 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
1. According to ICMA London, costing is “that form of specific order costing, which applies where work is undertaken to customers’ special requirements.”
Job
Batch
Process
Standard
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
A method of costing applied where costs are collected and accumulated for each work order
.
Process costing
Contract costing
Operating costing
Job costing
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
3. Which of the following statements is not true about job costing?
Production always against customers’ orders
Cost of each job ascertained separately
Job is of equal or longer duration compared to contracts
Job work is labour intensive
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Which is a method of specific order costing?
Job costing
Process costing
Output costing
Service costing
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
The method of costing applied in special ship building is
Batch costing
Job costing
Process costing
None of the above
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Which of the following considers an ‘economic quantity’ for the purpose of cost reduction?
Job costing
Process costing
Batch costing
Contract costing
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
The method of costing applied in cycle part manufacturing is
Batch costing
Job costing
Process costing
None of the above
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