Cost Accounting - 1

The main object of Cost Accounting is---

• to record day –to-day transactions of the business

• to reveal managerial efficiency

• to ascertain true cost of product & services

• to determine tender price

Bincard is maintained inside the ----- by the ----------

Which among the following is concerned with reducing cost?

• Cost control

• Cost reduction

• Standard costing

• All the above

From among the following select an example of cost object with regard to a department.

• Book

• Finance & Accounts

• Building Construction

• sugar manufacturing

Cost Unit used in oil company is --------

Which among the following is an example of behavior wise classification of cost.

• Controllable cost

• Normal cost

• Indirect labour

• Semi variable cost

Stores ledger is kept & maintained in------

Which among the following records quantity of materials only?

• Bincard

• Stores ledger

• Stock control cards

• All the above

Which of the following document is used for issuing materials to different production department?

• Material requisition

• Purchase requisition

• Purchase order

Name the responsibility centre which have the responsibility of generation of revenue & incurrence of expenditure