Cost Accounting

M

Mr. Dubey • 51.17K Points
Coach

Q 31. To control costs it is essential to keep control on: -

(A) Prime Cost
(B) Overheads
(C) Indirect materials
(D) All of these
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M

Mr. Dubey • 51.17K Points
Coach

Q 32. Absorption costing is closely related to which of the following cost elements?

(A) Total Costs
(B) Overheads
(C) Prime Costs
(D) Direct labor
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M

Mr. Dubey • 51.17K Points
Coach

Q 33. Lighting expenses are apportioned on the basis of: -

(A) Floor Area
(B) Light Points
(C) No. of Workers
(D) Capital Values
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M

Mr. Dubey • 51.17K Points
Coach

Q 34. The excess of overheads absorbed over the actual amount of overheads incurred is called: -

(A) Under absorption
(B) Over absorption
(C) Allocation
(D) None of these
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M

Mr. Dubey • 51.17K Points
Coach

Q 35. Warehousing cost is an item of: -

(A) Office overhead
(B) Distribution overhead
(C) Material cost
(D) None of these
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M

Mr. Dubey • 51.17K Points
Coach

Q 36. Which materials do not normally form a past of finished goods: -

(A) Indirect materials
(B) Direct materials
(C) Indirect labor
(D) None of these
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M

Mr. Dubey • 51.17K Points
Coach

Q 37. Fixed overhead costs are also called as: -

(A) Period cost
(B) Flexible cost
(C) Economic cost
(D) Sunk cost
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M

Mr. Dubey • 51.17K Points
Coach

Q 38. When the amount of overhead absorbed is less than the amount of overhead incurred it is known as

(A) Over-absorption
(B) Under-absorption
(C) Allocation
(D) Apportionment
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M

Mr. Dubey • 51.17K Points
Coach

Q 39. The bases of apportionment for electric power is

(A) Number of machine hours
(B) Floor area
(C) Direct labour hours
(D) Number of workers
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M

Mr. Dubey • 51.17K Points
Coach

Q 40. The total of all indirect costs is known as

(A) Total cost
(B) Overhead
(C) Prime cost
(D) Work cost
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