Q. Indirect material scrap is adjusted along with .
✅ Correct Answer: (B)
factory cost.
Cost and Management Accounting (CMA) MCQs and Notes
Q. Warehouse rent is a part of .
✅ Correct Answer: (C)
distribution cost.
Q. Indirect material used in production is classified as.
✅ Correct Answer: (D)
production overhead.
Q. Direct expenses are also called .
✅ Correct Answer: (B)
chargeable expenses.
Q. Elements of costs are.
✅ Correct Answer: (A)
three types.
Q. Classification of cost is useful .
✅ Correct Answer: (C)
to identify costs.
Q. The cost which is to be incurred even when a business unit is closed is a.
✅ Correct Answer: (D)
Shutdown cost.
Q. Wages paid to a labour who was engaged in production activities can be termed as.
✅ Correct Answer: (A)
direct cost.
Q. Multiple costing is a technique of using two or more costing methods for ascertainment of cost by.
✅ Correct Answer: (A)
the same firm.
Q. Cost accounting was developed because of the .
✅ Correct Answer: (A)
limitations of the financial accounting.