Previous Year Solved Question Papers

Previous Year Solved Question Papers

MCQs on Cost Accounting -18

1. In …………………………., two piece rates are set for each job.

(A) Merrick’s multiple piece rate system
(B) Rowan’s Premium Plan
(C) Taylor’s differential piece rate system
(D) none of these



2. Basis of apportionment of stores service expenses is ………………..

(A) Value of materials consumed
(B) units of material consumed
(C) products produced
(D) none of these



3. Basis of apportionment of welfare department expenses is…………..

(A) Wages of each department
(B) Number of employees
(C) materials consumed
(D) number of machineries



4. Basis of apportionment of crèche expenses is ……………..

(A) Number of employees
(B) number of female employees
(C) number of male employees
(D) both b&c



5. Under step method of re-apportionment of costs of service departments, the cost of last service department is apportioned only to the …………..

(A) Production departments
(B) service departments
(C) both a & b
(D) none of these



6. Machine hour rate is obtained by dividing the total running expenses of a machine during a particular period by the…………

(A) wages 
(B) number of products produced
(C) number of workers
(D) Number of hours


7. ……………..is the amount by which the absorbed overheads fall short of the actual amount of overheads incurred.

(A) Over absorption of overheads
(B) under absorption of overheads
(C) overheads absorption
(D) none of these.



8. …………….is the excess of overheads absorbed over the actual amount of overheads incurred.

(A) Over absorption of overheads
(B) under absorption of overheads
(C) overheads absorption
(D) none of these.



9. When …………………….is used on the basis of budgeted overheads and the rate is applied to the actual base, the actual overhead expenses may be different from the charged overheads.

(A) A predetermined rate
(B) actual rate method of absorption
(C) both a & b
(D) none of these



10. Expenses incurred during production other than direct materials and direct labour are called…………..factory expenses; those charged to production on estimated basis are called …………….

(A) Actual, applied
(B) applied, actual
(C) indirect, direct
(D) none of these




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