Cost Accounting

Cost Accounting

University

22 Qs

quiz-placeholder

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Cost Accounting

Cost Accounting

Assessment

Quiz

Other

University

Practice Problem

Hard

Created by

NIDHI GANDHI

Used 1+ times

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22 questions

Show all answers

1.

OPEN ENDED QUESTION

45 sec • Ungraded

FULL NAME (BLOCK LETTER)

Evaluate responses using AI:

OFF

2.

OPEN ENDED QUESTION

30 sec • Ungraded

ENROLMENT NO

Evaluate responses using AI:

OFF

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Basic objectives of cost accounting is.....................

tax compliance.

financial audit.

cost ascertainment.

profit analysis.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Overhead cost is the total of

All indirect costs

All direct costs

direct and indirect costs

All specific costs

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Cost accounting was developed because of the.................

limitations of the financial accounting

limitations of the management accounting

limitations of the human resource accounting

limitations of the double entry accounting

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Indirect material used in production is classified as.......

Selling OH

Production OH

Distribution OH

Administrative OH

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Re-order level is calculated as:

Maximum consumption x Maximum re-order period

Minimum consumption x Minimum re-order period

1/2 of (Minimum + Maximum consumption)

Maximum level - Minimum level

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