MCQs on Cost Accounting -7

1. The per unit expense of the ……………portion factory overhead varies with the volume of production while………………..portion remains the same with volume.

(A) Fixed, variable
(B) variable, fixed
(C) variable, semi-variable
(D) none of these



2. …………………expenses are excluded from cost.

(A) Normal
(B) abnormal
(C) both a & b
(D) none of these



3. Such expenses which are included (even though they are not incurred) for taking managerial decisions are called………………

(A) imputed
(B) actual expenses
(C) Notional expenses 
(D) none of these



4. ……………….expenses are partly fixed and partly variable.

(A) All expenses
(B) variable
(C) fixed
(D) semi-variable



5. Unsuccessful research expenditure should be …………….. cost accounts.

(A) Excluded from
(B) included in
(C) apportioned in
(D) none of these



6. Salary paid to general manager is an item of ……………………expenses.

(A) Fixed
(B) Variable
(C) semi-variable
(D) estimated



7. Fancy packing is an example of ………….expenses.

(A) Selling
(B) Distribution
(C) administration
(D) factory



8. Telephone expense is …………….expense.

(A) Variable
(B) semi-variable
(C) fixed
(D) none of these



9. Primary packing is an item of ………………

(A) Selling overheads
(B) prime cost
(C) distribution overheads
(D) factory overheads



10. When factory overhead control account has an ending debit balance,factory overhead was………………

(A) Over applied
(B) under applied
(C) both a & b
(D) none of these




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