cost accounting

cost accounting

Professional Development

10 Qs

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cost accounting

cost accounting

Assessment

Quiz

Arts

Professional Development

Hard

Created by

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

Ascertainment of cost

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

Factory overheads

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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