πŸ“Š Costing
Q. 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
πŸ’¬ Discuss
βœ… Correct Answer: (A) goods received note
πŸ“Š Costing
Q. 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
πŸ’¬ Discuss
βœ… Correct Answer: (C) salary of the foreman
πŸ“Š Costing
Q. Labour costs __________Salaries and wages paid to temporary employees.
  • (A) written
  • (B) includes
  • (C) mentioned
  • (D) excludes
πŸ’¬ Discuss
βœ… Correct Answer: (B) includes
πŸ“Š Costing
Q. 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
πŸ’¬ Discuss
βœ… Correct Answer: (A) crane value
πŸ“Š Costing
Q. Number of methods avaliable for calculation of labour turn over is ________________
  • (A) forth
  • (B) three
  • (C) five
  • (D) two
πŸ’¬ Discuss
βœ… Correct Answer: (B) three
πŸ“Š Costing
Q. Material is issued by store keeper against _____________
  • (A) material requisition
  • (B) purchase requisition
  • (C) material order
  • (D) goods received notes
πŸ’¬ Discuss
βœ… Correct Answer: (A) material requisition
πŸ“Š Costing
Q. Indirect cost are known as ______
  • (A) variable cost
  • (B) overheads
  • (C) none of the above
  • (D) fixed cost
πŸ’¬ Discuss
βœ… Correct Answer: (B) overheads
πŸ“Š Costing
Q. ____________ 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
πŸ’¬ Discuss
βœ… Correct Answer: (C) raw materials
πŸ“Š Costing
Q. Subsidy receivable with respect to any material shall be __________cost of material
  • (A) reduced from
  • (B) added to
  • (C) divided to
  • (D) multiplied to
πŸ’¬ Discuss
βœ… Correct Answer: (A) reduced from
πŸ“Š Costing
Q. 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
πŸ’¬ Discuss
βœ… Correct Answer: (C) machine hour rate