Costing MCQs and Notes

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📊 Costing
Q. Prime cost + Over heads = __________
  • (A) cost of sales
  • (B) works cost
  • (C) total cost
  • (D) cost of production
💬 Discuss
✅ Correct Answer: (C) total cost
📊 Costing
Q. The distribution of overheads alloted to particular department or cost center over the units produced is called _____________
  • (A) absorption
  • (B) allocation
  • (C) departmentalisation
  • (D) apportionment
💬 Discuss
✅ Correct Answer: (A) absorption
📊 Costing
Q. Normal Ideal time______________
  • (A) can not be avoided
  • (B) can be controlled
  • (C) can be minimised
  • (D) can be avoided
💬 Discuss
✅ Correct Answer: (A) can not be avoided
📊 Costing
Q. If there is increase in the size of inventory orders, total annual ordering cost will ____________
  • (A) increase
  • (B) decrease
  • (C) remain same
  • (D) change depending on other factors
💬 Discuss
✅ Correct Answer: (B) decrease
📊 Costing
Q. When amount deposited in a bank is withdrawn for financing a project, the losses of interest on bank deposits will be refered to as________
  • (A) replacement cost
  • (B) pre production cost
  • (C) opprotunity cost
  • (D) sunk cost
💬 Discuss
✅ Correct Answer: (C) opprotunity cost

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