
Costing Methods & Techniques
Quiz
•
Arts
•
University
•
Practice Problem
•
Hard
Biju M
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A budget is prepared in the terms of -------------
quantitative terms
qualitative terms
government terms
None of the option
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Work Cost can be calculated as
Direct Material+Direct Labour+Direct Exp+All Indirect Exp
Direct Material+Direct Labour+Direct Exp+Factory Cost
Prime Cost + Administration Expenses
Factory Expenses + Admin. Expenses
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Warehouse rent is a part of
prime cost
factory cost
distribution cost
production cost
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Retention Money is
Value of Work Certified - Cash received
Value of Work Certified + cash received
Work-in-progress + Cash received
Contract Price +Cash received
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The three Elements of Cost are
Material, Labour, Expenses
Material, Overheads, Expenses
Fixed Cost, Variable Cost, Semi-variable Cost
None of the above
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