MCQs on Cost Accounting -6

1. …………………..costing is applicable to printers.

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



2. Process costing is also known as……………….costing.

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



3. Operating costing is also known as ……………..costing.

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



4. ………………..costing is a type or technique of costing.

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



5. ………………..costing is a type or technique of costing.

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


6. …………………..is not the scope of Cost Accountancy.

(A) Ascertaining cost
(B) cost accounting
(C) cost control
(D) tax planning



7. Cost Accounting has been developed becauseof……………… of Financial Accounting.

(A) Limitations
(B) advantages
(C) both a & b
(D) none of these



8. Cost Accountancy is the science, art and ……………….of a cost accountant.

(A) Practice
(B) exercise
(C) hard work
(D) effort



9. The ordinary trading account is a locked storehouse of most valuable information to which cost system is the……………….

(A) Key
(B) lock
(C) house
(D) none of these



10. Cost accounts deal partly with facts and figures and partly with………

(A) costs
(B) Estimates 
(C) income
(D) revenue




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