Basic Cost Accounting

Basic Cost Accounting

University

52 Qs

quiz-placeholder

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Basic Cost Accounting

Basic Cost Accounting

Assessment

Quiz

Other

University

Hard

Created by

Tuty A.Halim

Used 4+ times

FREE Resource

52 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Costs that remain the same in total regardless of changes in the activity level.

Variable Cost

Fixed Cost

Relevant Cost

Sunk Cost

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image
Cost is classified into:
Cost and expense
Expense and revenue
Indirect expense and Overheads
Direct cost and Indirect cost

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Costs that possess characteristics of both fixed and variable cost are called...
Semi-variable cost
Step cost
variable cost
fixed cost

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image
Remains fixed cost until production increases above certain limit:
Step Cost
Fixed Cost
Semi-variable cost
Variable cost

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The following is the objective of cost accounting except....

Ascertainment of cost

Planning and controlling cost

Decision making

Observations

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a cost unit?

Cost of a product or services

Expenditure

A quantitative units of product or service to which costs can be related

Cost per unit

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The followings are the type of cost centre except..

Overhead cost centre

Production cost centre

Process cost centre

Setvice cost centre

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