Cost Accounting Quiz

NAME:

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Included in prime cost

• Direct material
• Direct labour
• Direct expenses
• All of the above

When stock is reached at reorder level then the store keeper should send:

• Good service note
• Store credit note
• Purchase requisition note
• Bin card

Techniques of material control are:

• ABC analysis technique
• VED analysis technique
• All of the above
• HML analysis technique

If prime cost is ₹ 1,77,600. , Factory expenses ₹ 17,500 and establishment expenses ₹10,000 then what will be the cost of production?

• ₹ 2,05,100
• ₹ 1,95,000
• ₹ 1,85,100
• ₹ 1,87,600

In contract account, the amount of work-in- progress consists of:

• Cost of work uncertified
• Cost of work certified and uncertified
• Cost of work incompleted
• Contract price of work certified and cost price of worke uncertified

reorder level means

• Quantity to be order
• Actual quantity
• None of these
• Minimum quantity

How many methods to be measured labour turnover?

• 3
• 2
• 4
• 5

Apportionment is done on the basis of:

• Electricity Expense
• Air and Gas Expenses
• Water Expenses
• All of the above

Controllable cost is :

• Variable cost
• Fixed cost
• Semi variable cost
• None of these