cost accounting
Quiz
•
Arts
•
Professional Development
•
Hard
Sharmila Ramaiah Bavigadda
Used 237+ times
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10 questions
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1.
MULTIPLE SELECT QUESTION
3 mins • 1 pt
State objectives of cost accounting
A.Determination of cost
B. Fixing selling price
C. Cost control and cost reduction
D.Helps in managerial decision-making
E. All of the above
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cost accounting refers to
Finding profit
None of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Inventory includes
A. Finished goods
B. Raw materials
C. Work-in-progress
D. All of the above
E. None of the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Indirect expenses include
A. Direct materials
B. Factory overheads
C. Administrative overheads
D. A&B
E. B&C
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Opening work-in-progress is added to which element in cost sheet
Administrative overhead
Selling and distribution overhead
None of the above
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Carriage inwards is added to
A. Factory overheads
B. Office and administrative overheads
C. Selling and administrative overheads
D. Direct material cost / Raw material consumption cost
E. B&C
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Managers salary is a part of
A. Factory over heads
B. Administration overheads
C. Selling and distribution overheads
D.A &C
E. B&C
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