Quiz on Costing Techniques and Methods
Authored by pratiksha karambe
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Professional Development
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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Job Costing primarily used for?
Calculating costs for individual projects
Determining fixed costs
Evaluating overall company expenses
Assessing variable costs
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a method of costing?
Service Costing
Batch Costing
Contract Costing
Transport Costing
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does Process Costing focus on?
Single output production
Multiple projects
Fixed cost analysis
Continuous production processes
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which costing method is used for multiple products produced in batches?
Job Costing
Batch Costing
Process Costing
Contract Costing
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary focus of Transport Costing?
Calculating transportation expenses
Assessing fixed costs
Determining production costs
Evaluating service costs
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of costing is used for long-term projects?
Process Costing
Contract Costing
Batch Costing
Job Costing
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a component of Running expenses?
Variable costs
Fixed costs
Indirect costs
Direct costs
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