MCQs on Cost Accounting -4

1. Cost accounting provides data for managerial…………….

(A) Decision making
(B) recruitment
(C) retrenchment
(D) none of the above.



2. Cost accounting is based on……………….figures.

(A) Estimated
(B) historical
(C) actual
(D) none of these.



3. Cost accounting provides detailed information about …………………of various products, processes, services and operations.

(A) Costs
(B) income
(C) either a or b
(D) none of these.



4. Cost accounting records both monetary and …………… units.

(A) cost 
(B) Physical
(C) both a & b
(D) none of these.



5. The method of costing used in a refinery is……………..costing.

(A) job
(B) batch
(C) multiple
(D) Process 



6. ……………….costing is used in transport undertakings.

(A) Process
(B) service
(C) multiple
(D) job



7. The total variable cost …………………… in total proportion to output.

(A) Increases
(B) does not increase
(C) decreases
(D) none of these.



8. Variable cost per unit ……….…………...

(A) Remains constant
(B) varies
(C) decreases
(D) increases



9. Sunk costs are ………………. for decision-making

(A) irrelevant
(B) relevant
(C) useful
(D) none of these.



10. Costing and cost accounting are …………...

(A) not related at all 
(B) one and the same
(C) Not the same
(D) none of these.




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