Font size
WorksheetsCost Accounting - 1
Total questions: 15
Worksheet time: 24mins
The main object of Cost Accounting is---
to record day –to-day transactions of the business
to reveal managerial efficiency
to ascertain true cost of product & services
to determine tender price
Bincard is maintained inside the ----- by the ----------
(a)
Which among the following is concerned with reducing cost?
Cost control
Cost reduction
Standard costing
All the above
From among the following select an example of cost object with regard to a department.
Book
Finance & Accounts
Building Construction
sugar manufacturing
Cost Unit used in oil company is --------
(a)
Which among the following is an example of behavior wise classification of cost.
Controllable cost
Normal cost
Indirect labour
Semi variable cost
Stores ledger is kept & maintained in------
(a)
Which among the following records quantity of materials only?
Bincard
Stores ledger
Stock control cards
All the above
Which of the following document is used for issuing materials to different production department?
Material requisition
Purchase requisition
Purchase order
Name the responsibility centre which have the responsibility of generation of revenue & incurrence of expenditure
(a)
What is over heads?
What do you meant by cost accounting?
List out the steps for material procurement procedure.(no explanation required)
5 shirts are made in a tailoring shop on a daily basis and following expenses are incurred in a day.
1.Fabric- Rs. 650 per shirt
2.Thread ,Buttons & Other accessories -Rs. 100
3. Labour charge for stitching -Rs. 400 per shirt
4.Electricity-Rs.60
5.Cleaning & other expenses-Rs.40
You are required to apportion the cost into direct cost & indirect cost
In manufacturing its products,a company uses a raw materials A in respect of which the following information is available
Usage per unit of production -10 kg,
price per Kg- Rs.10
Delivery period 3 to 5
Weekly production varies from 175 to 225 units averaging 200.
Calculate re-order level of Material A ?
