Previous Year Solved Question Papers

Previous Year Solved Question Papers

MCQs on Cost Accounting -21

1. Under applied or over applied factory overhead should be

(A) Carried forward to next year
(B) shown as an extraordinary item
(C) written off 
(D) apportioned among cost of goods sold and applicable to inventory



2. Credit and collection cost is an item of

(A) Selling overhead
(B) office overhead
(C) prime cost
(D) administrative overhead



3. Warehousing cost is an item of

(A) Office overhead
(B) distribution overhead
(C) material cost
(D) works overhead


4. In …………………..each job is a cost unit to which all costs are assigned.

(A) Batch costing
(B) Job costing
(C) process costing
(D) operation costing


5. Material Costs of each job are determined from……………

(A) Material requisition notes
(B) bill of materials
(C) both a & b
(D) none of these



6. Printers use ………………costing.

(A) Process
(B) Batch
(C) job
(D) contract



7. Each job has a ………….. prepared for it that bears the job number and which is used to collect all cost data relating to job.

(A) Job Time Sheet
(B) Job Cost Card
(C) Job Ticket
(D) Job Account


8. An automobile service unit uses ………………costing.

(A) specific order
(B) batch
(C) job
(D) contract



9. Where the work is undertaken to Customers’ special requirements and each order is of comparatively short-duration, it is called…………..costing.

(A) Job
(B) batch
(C) operation
(D) output



10. Economic Batch Quantity is an important point to be determined in industries where …………… costing is employed.

(A) Job
(B) batch
(C) operation
(D) output



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