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May 10th, 2016, 05:02 PM
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MCQ Mahatma Gandhi University
Hello buddy I am student of the Bcom - semester v at Mahatma Gandhi University now I require the Multiple choice questions of cost accounting will you please provide me the same ?? Mahatma Gandhi University which founded on 2 October 1983 in Kottayam district of Kerala, India. As per your demand here are the Multiple choice questions of cost accounting BCOM - semester v – cost accounting Multiple choice questions 1. Cost accounting mainly helps the management in a) Earning profit b) Providing information to management c) Fixing prices of the products d) All of the above 2. Cost accounting provides all of the following information except a) Product cost b) Cost of goods sold c) Inventory values d) Cash forecasts 3. Which of the following is cost – behavior oriented approach to product costing a) Absorption cost b) Process costing c) Marginal costing. d) Job – order costing 4. An item of cost that is direct for one business may be ……….for another business. a) Direct b) Indirect c) Variable d) Fixed 5. The total of all direct expense is known as ……………… cost a) Prime cost b) Factory cost c) Selling cost d) Cost of products 6. …………… costs are partly fixed and partly variable in relation to Output a) Variable b) Fixed c) Semi – variable d) Marginal 7. An opportunity cost is …………………… a) The advantage foregone b) Additional income c) Cost incurred in post d) Cost for replacement 8. An opportunity cost does not involve a) Incomes b) Expenses c) Cash outlays d) Losses 9. Total variable cost change ……….. With change in output a) Constantly b) Not proportionately c) Proportionately 10. Fixed cost per unit …………. With increase in output a) Increases b) Not –increase c) Reduces d) Not decrease 11. Depreciation is ………….. Expenditure a) Variable b) Semi – variable c) Fixed d) None of the above 12. Out – of pocket costs involve payment to ………… a) Management b) Out siders c) Employees d) Owners 13. The cost that can be identified with a cost until is called … a) Direct cost b) Overhead c) Indirect d) Cost of production 14. Cost incurred in part have no effect on future decision making is called……… a) Period cost b) Opportunity cost c) Sunk cost d) Marginal costing 15. The value of a benefit sacrificed in favor of an alternative course of action, is called ………… a) Period cost b) Opportunity cost c) Sunk cost d) Marginal cost 16. Cost unit for a cable industry is a) Per tone b) Per cost c) Per meter d) Per cubic foot 17. Tonne kilometer is the cost unit of …… a) Auto mobile b) Quarries c) Transport service d) Electricity 18. Direct labour costs would includes wages paid to all the following except a) Machine operators b) Assembly line workers c) Janitors d) Brick layers 19. Indirect labour costs would include wages paid to the following except a) Machine operators b) Material handlers c) Store keepers d) Fork lift operators 20. Overhead consists of all the following except a) Indirect materials b) Direct – labour 21. Prime cost comprises the following combination of costs a) Direct materials and factory overhead b) Direct labour and factory overhead c) Direct material direct labour and direct expense d) None of these 22. Conversion and prime costs are a) Synonymous and can be used induce changeably b) Both include factory overhead with its variable and fixed components c) Represent cost incurred on joint product before the split off point d) Differ 23. An important feature of cost centre is that a) It uses only monitory information b) It has clearly defined boundaries c) It may be one specific location only d) It must be an area of business through which product pass 24. The term cost refers to a) An asset that has given benefit and is now expired b) The price of product sold or services rendered c) The value of sacrifice made to require goods or service d) The present value of future benefit 25. Direct material is a a) Manufacturing cost b) Administration cost c) Selling and distribution cost d) Factory overhead Contact Address : Mahatma Gandhi University Thodupuzha, Idukki Dist, Muttom, Kerala 685 587 Phone : 04862 256 222 Last edited by Neelurk; May 20th, 2020 at 12:33 PM. |
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