1. Normal Output is equal to _______.

TYBCOM Hons Advanced Cost Accounting Quiz

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University
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Medium
SAYALI NENE
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10 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Input - Abnormal Loss
Input - Normal Loss
Input - Abnormal Gain
Input - Output
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
2. Which of the following does not use Process Costing?
Oil Refining
Sugar
Bakery
Air-craft Manufacturing
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
3. A process gives rise, incidentally, to a product of low value, which is called ________.
Joint Product
By-Product
Scrap
Waste
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
4. Input in a process is 4000 units and normal loss is 20%. When finished output in the process is 3,240 units; then there is an _______.
Abnormal loss of 40 units
Abnormal Gain of 40 units
Neither Abnormal Loss nor Abnormal Gain
Abnormal Gain of 60 units
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
5. The cost of units of Abnormal Gain is debited to Process Account.
True
False
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
6. Classification and accumulation of costs by fixed and variable costs is a distinctive feature of _________.
Process costing
Unit costing Batch costing
Operating costing
Batch costing
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
7. For hotels the best method of costing is ________.
Single or output
Contract costing
Process costing
Operating costing
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