Q. All workers who are directly engaged in manufacturing activity are known as ……………labour.
✅ Correct Answer: (A)
Direct
Cost and Works Accounting 1 MCQs and Notes
Q. The cost of direct material is termed as…………..
✅ Correct Answer: (B)
Direct material cost
Q. Direct …………….are those which can be identified in the product and can be measured.
✅ Correct Answer: (C)
Material
Q. Every……………of cost is divided into direct cost and indirect cost.
✅ Correct Answer: (B)
Element
Q. The term………… is the one which is identifiable as belonging exclusively to a particular process, product, and unit.
✅ Correct Answer: (A)
Direct Cost
Q. An opportunity cost is a………..
✅ Correct Answer: (A)
Direct expense
Q. The total of all direct expenses is known as ………
✅ Correct Answer: (C)
Prime cost
Q. In………………costing the cost of a group of products is ascertained.
✅ Correct Answer: (C)
Batch
Q. costing is used in transport undertaking.
✅ Correct Answer: (D)
Service
Q. Cost accounting is based on……………..figures.
✅ Correct Answer: (B)
Estimated