Cost Accounting

Cost Accounting

University

6 Qs

quiz-placeholder

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Cost Accounting

Cost Accounting

Assessment

Quiz

Education

University

Hard

Created by

Navneet Mahto

Used 3+ times

FREE Resource

6 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following cannot be rectified and brought back to normal specification even after incurring additional rectification cost.

scrap

defective

waste

spoilage

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following could be rectified and can be sold as normal unit.

scrap

defective

waste

spoilage

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following have no recovery value?

scrap

defective

waste

spoilage

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In case of normal waste:

    Choose the correct option

Cost will be absorbed by good unit

Cost will be charged to costing P&L

Cost will be considered as factory overhead

None of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following arise due to inefficiency in operations, bad luck, mischief etc

Normal loss

Abnormal loss

Material loss

All the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is usually occurs in small amount and low value that is recoverable without further processing

scrap

defective

waste

spoilage