Costing MCQs
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Q 11. Halsey premium plan is ____________
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Q 12. Material requisition is meant for _____________
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Q 13. The three major elements of product costs are all except____________
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Q 14. The basic rule of preparing the reconciliation statement is _______________
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Q 15. The variables production overheads shall be absorbed in production cost based on ______________ capacity
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Q 16. If an item of overhead expenditure is charges specifically to a single department this would be an example of ____________
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Q 17. An employee is eligible for getting overtime wage if he/ she works for more than ____________
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Q 18. Material controls involves control over _____________
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Q 19. A cost unit is _____________
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