1. Under applied or over applied factory overhead should be (A) Carried forward to next year (B) shown as an extraordinary item (C) written o…
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MCQs on Cost Accounting -18
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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 diffe…
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1. Last in first out method is suitable in times of……………… (A) Rising prices (B) falling prices (C) fluctuating prices (D) none of these …
Read moreMCQs on Cost Accounting -22
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1. Idle time variance is…………. (A) Idle time x actual labour (B) Idle time x standard rate (C) Idle time x budgeted labour rate (D) Idle ti…
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Accounting System
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1. …………….forms part of cost of production. (A) Abnormal waste (B) normal waste (C) both a & b (D) none of these Click Here for…
Read moreMCQs on Cost Accounting -23
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1. In ……………………costing where standardized goods or services result from a sequence of repetitive and more or less continuous operations to which costs a…
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