COSTING MCQ TEST

COSTING MCQ TEST

Professional Development

25 Qs

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COSTING MCQ TEST

COSTING MCQ TEST

Assessment

Quiz

Other

Professional Development

Practice Problem

Hard

Created by

Sutharshan S H

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Which of the following is considered as normal loss of material?

Pilferage

Loss due to accident

Loss due to careless handling of material

None of the Above

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Normal Idle time cost shall be assigned to:

Employee Cost

Overhead

Any one of above a or b

None of the Above

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Warehouse expense is an example of

Production overhead

Selling overhead

Distribution overhead

None of above

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Packing material cost deals by :

CAS 9

CAS 10

CAS 11

CAS 12

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

When Reconciliation start with cost accounts profit, the under charges of depreciation in Cost A/Cs to be

Added with Cost Accounts profit

Added with Financial Accounts profit

No Adjustment is required

Deducted from Cost Accounts profit

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

A job is budgeted to require 3,300 productive hours after incurring 25% idle time. If the total labour cost budgeted for the job is ` 36,300, what is the labour cost per hour? 1

8.25

8.80

11.00

14.67

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Contract number 145 commenced on 1st March and plant from central stores was delivered to the site. The book value of the plant delivered was ` 420,000. On 1 July further plant was delivered with a book value of ` 30,000. Company policy is to depreciate all plant at a rate of 20% of the book value each year. The depreciation to be charged to contract number 145 for the year ending 31 December is;

37000

57000

73000

89000

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