Q. In marginal costing managerial decisions are guided by…………than by profit
✅ Correct Answer: (D)
Contribution margin
Applied Cost Accounting MCQs and Notes
Q. ………….. product are produced incidental to the main product
✅ Correct Answer: (B)
By product
Q. Incidental residue from manufacture with recoverable value
✅ Correct Answer: (A)
Scrap
Q. Un avoidable loss inherent in the material
✅ Correct Answer: (A)
Normal los
Q. Cost of product in each stage is calculated in ………. Costing
✅ Correct Answer: (D)
process costing
Q. In ……………… costing production is always made for stock
✅ Correct Answer: (B)
batch costing
Q. For each job a …………………. Is given under job costing
✅ Correct Answer: (A)
Distinct number
Q. Job costing can also be called as ……………….. costing
✅ Correct Answer: (A)
Specific order costing
Q. Job costing is applied when the product are of …………… nature
✅ Correct Answer: (B)
Dissimilar
Q. The method of costing applied in cycle parts manufacturing is ………..
✅ Correct Answer: (C)
Batch costing