costing
Authored by Gayathri Balakrishnan
Social Studies
University
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1.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
1. According to CIMA, England, “the technique and process of ascertaining cost” is called
Costing
Cost Accounting
Cost Accountancy
Cost
2.
FILL IN THE BLANK QUESTION
10 sec • 1 pt
The main function of cost accounting is _______ reporting
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
. In cost accounting, stock is valued at
Cost Price
Market Price
Selling Price
Standard Price
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
What type of costing is used in the below diagram
Garment Industries
Petroleum Industries
Biscuit Industries
Construction Industries
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Cost incurred by undertakings which do not manufacture any product but services is
Operation Costing
Operating Costing
Sunk Costing
Joint Costing
6.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
________ labour cost is the remuneration paid to the employees who are directly engaged in the manufacturing operations
Direct
Indirect
Normal
Abnormal
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
_______ time refers to the time for which wages are paid without any production
Over
Under
Excess
Idle
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