Professional Documents
Culture Documents
35 Sy MCQ by S.r.pagare
35 Sy MCQ by S.r.pagare
35 Sy MCQ by S.r.pagare
1] The amount of expenditure incurred on, or attributable to, a specified thing or an activity or
cost unit is known as ______________.
A] Cost centre
B] Cost
C] Cost Accounting
D] Cost Accountancy
2] The expenses which can be directly charged to jobs, products, processes, cost centres or cost
units are known as _______ expenses.
A] Direct
B] Indirect
C] Unproductive
D] Miscellaneous
8] ____________ overheads consists of all overhead costs incurred for the production of goods.
A] Office
B] Factory
C] Selling & Distribution
D] Research & Development
10] ________ cost is that cost which has been invested in a project and which will not be
recovered if he project is terminated.
A] Imputed
B] Opportunity
C] Out of Pocket
D] Sunk
11] ________ is the aggregate of direct material, direct labour and direct expenses.
A] Overheads
B] Prime cost
C] Cost of Raw material Consumed
D] Historical cost
12] _________ is the aggregate of indirect material, indirect labour and indirect expenses.
A] Overheads
B] Prime cost
C] Cost of Raw Material Consumed
D] Common Cost
15] In cost sheet the item of bad debts is considered under ________ overheads.
A] Factory
B] Administration
C] Selling & Distribution
D] Research & development
17] Generally, quotations are invited by the purchase department on receipt of _______.
A] Purchase requisition
B] Tender
C] Bill of material
D] Purchase order.
22] Stock is valued at current price under ________ method of pricing issues.
A] First in First Out
B] Last in First Out
C] Simple Average Method
D] Weighted Average Method
24] ________ is the incidental residue from certain types of manufacture usually of low
recoverable value without further processing is known as __________.
A] Spoilage
B] Scrap
C] Defective
D] Wastage
25] _________ is a technique of measuring the control on item of inventory that varies directly
with its usage value.
A] Perpetual Inventory
B] Periodic Inventory
C] ABC Analysis
D] Economic Order Quantity
28] The cost that is incurred to provide facilities to the workers so that they remain in the job is
known as _________.
A] Replacement Cost
B] Preventive Cost
C] Estimated Cost
D] Historical Cost