WorksheetsQuiz on Cost Accounting
Total questions: 6
Worksheet time: 6mins
Name
Class
Date
1.
The techniques and process of ascertaining costs is called
a)
Budget
b)
Cost
c)
Costing
d)
Cost Accountancy
2.
Prime cost consists of
a)
Direct material, Direct labour and Direct expenses
b)
Direct material and selling overheads
c)
Direct labour and selling overheads
d)
Direct labour and indirect labour
3.
Direct materials used plus direct labour plus factory overhead is called
(a)
4.
Cost sheet includes
a)
Direct Cost Only
b)
Indirect Cost Only
c)
Both Direct and Indirect Cost
d)
None of these
5.
Cost accounting is concerned with
a)
Ascertaining costs
b)
Controlling costs
c)
Reporting to Management
d)
All of these
6.
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