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Costing

M

Mr. Dubey • 51.17K Points
Coach

Q 1. The document which is prepared after receiving and inspecting material _____________

(A) goods received note
(B) inventory record
(C) material record note
(D) bill of material
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M

Mr. Dubey • 51.17K Points
Coach

Q 2. Which of the following is not an example of marketing overheads ?

(A) salaries of sales staff
(B) secondary packing charges
(C) salary of the foreman
(D) publicity expenses
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M

Mr. Dubey • 51.17K Points
Coach

Q 3. Labour costs __________Salaries and wages paid to temporary employees.

(A) written
(B) includes
(C) mentioned
(D) excludes
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M

Mr. Dubey • 51.17K Points
Coach

Q 4. Which of the following bases is not a appropriate for apportionment of transport department cost ?

(A) crane value
(B) crane hours
(C) truck milage
(D) truch value
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M

Mr. Dubey • 51.17K Points
Coach

Q 5. Number of methods avaliable for calculation of labour turn over is ________________

(A) forth
(B) three
(C) five
(D) two
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M

Mr. Dubey • 51.17K Points
Coach

Q 6. Material is issued by store keeper against _____________

(A) material requisition
(B) purchase requisition
(C) material order
(D) goods received notes
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M

Mr. Dubey • 51.17K Points
Coach

Q 7. Indirect cost are known as ______

(A) variable cost
(B) overheads
(C) none of the above
(D) fixed cost
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M

Mr. Dubey • 51.17K Points
Coach

Q 8. ____________ may be valued on a FIF basis in cost accouts and LIFO basis in financial accounts.

(A) direct expenses
(B) administrative expenses
(C) raw materials
(D) labour
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M

Mr. Dubey • 51.17K Points
Coach

Q 9. Subsidy receivable with respect to any material shall be __________cost of material

(A) reduced from
(B) added to
(C) divided to
(D) multiplied to
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M

Mr. Dubey • 51.17K Points
Coach

Q 10. Which of the following is not a means whereby factory overheads can be charged out to production ?

(A) over time rate
(B) blanket rate
(C) machine hour rate
(D) direct labour rate
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