Cost Accounting

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

(A) Prime Cost
(B) Overheads
(C) Indirect materials
(D) All of these
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share

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
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share

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

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

Share in MCQ Buddy Groups

Share

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
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share

Q 35. Warehousing cost is an item of: -

(A) Office overhead
(B) Distribution overhead
(C) Material cost
(D) None of these
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share

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
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share

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

(A) Period cost
(B) Flexible cost
(C) Economic cost
(D) Sunk cost
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share

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
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share

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
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share

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

(A) Total cost
(B) Overhead
(C) Prime cost
(D) Work cost
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share