T.Y.B. Com Cost Accounting MCQ
https://www.surajpateleducation.com/2021/05/cost-account-mcq-cost-accounting-mcq.html
Hello Friends...
https://www.surajpateleducation.com/2020/09/direct-tax-sem-v-atkt-question-bank-2020.html
1. Job costing is used in
a. Chemical manufacturing
b. Printing press
c. Brick making
d. Cement production
ANS: B
2. In job costing system, costs are
accumulated
a. By specific job
b. By kind of materials used
c. By department or process
d. On monthly basis
ANS: A
3. In job costing, each job is the _____
a. Cost centre
b. Cost unit
c. Profit centre
d. None of these
ANS: B
4. ………… is an important point to be determined
in industries where batch costing is employed.
a. EBQ
b. EOQ
c. Re – order quantity
d. Batch
ANS: A
5. At EBQ, ____ will be the minimum.
a. Storage cost
b. Manufacturing cost
c. Total cost
d. Setting up cost
ANS: C
6. ______ cost is fixed per batch.
a. Setting up
b. Manufacturing cost
c. Storage cost
d. Ordering cost
ANS: A
7. Compute EBQ if actual demand is 4000 units,
setting up cost is Rs. 100, Cost of manufacturer per unit is Rs. 2000 and
Interest rate is 10%.
a. 2000 units
b. 200 units
c. 400 units
d. 1600 units
ANS: B
8. Interest on capital invested is an example
of ___
a. Setting up cost
b. Carrying cost
c. Ordering cost
d. Manufacturing cost
ANS: B
9. A contractor has to supply 10000 paper
cones per day to a textile mill. He finds that he can produce 25000 paper cones
per day. The cost of holding a paper cone in stock for one year is 2 paise and
the setting up cost per production run is Rs. 18. How frequently should
production runs be made?
a. 8 days
b. 32 days
c. 30 days
d. 146 days
ANS: A
10. If EBQ is 3600 units and holding cost per
unit per month is Rs. 0.10, find out inventory holding cost.
a. Rs. 2160
b. Rs. 1800
c. Rs. 4320
d. Rs. 360
ANS: A
11. Calculate EBQ if annual demand is 24000
units, Set up cost per batch is Rs. 120 and carrying cost per unit is Rs. 0.36.
a. 2000 units
b. 4000 units
c. 1200 units
d. 3600 units
ANS: B
12. _____ is a group of identical products.
a. Job
b. Batch
c. Process
d. Contract
ANS: B
13. The method of costing used to ascertain the
cost of a batch is called
a. Contract costing
b. Process costing
c. Batch costing
d. Process costing
ANS: C
14. The most suitable costing system where the
products differ in type of materials and work performed is
a. Job costing
b. Process costing
c. Operating costing
d. Contract costing
ANS: A
15. Manufacturers of components of television
adopt
a. Job costing
b. Batch costing
c. Contract costing
d. Process costing
ANS: B
16. Economic batch quantity is that size of the batch of production where
a. Average cost is minimum
b. Set up cost of machine is minimum
c. Total cost is minimum
d. Carrying cost is minimum
ANS: C
17. The number of units to be manufactured in
one batch
a. Economic order quantity
b. Economic quantity
c. Economic batch quantity
d. Ordering unit
ANS: C
18. The method of job costing is applied
a. Biscuit manufacturing
b. Oil refining
c. Medicine manufacturing
d. Engineering work shop
ANS: D
19. Batch costing is a variant of _____
a. Job costing
b. Process costing
c. Operating costing
d. Output costing
ANS: A
20. In determining EBQ, two types of costs to
be considered are ____
a. Holding & Ordering costs
b. Manufacturing & Carrying costs
c. Setting up & Carrying costs
d. Setting up & Ordering costs
ANS: C
21. Terminal costing is another name for ______
a. Process costing
b. Contract costing
c. Job costing
d. Batch costing
ANS: B
22. ______ costing is suitable for industries
like builders, civil engineering contractors, mechanical engineering firms,
etc.
a. Process costing
b. Batch costing
c. Contract costing
d. None of these
ANS: C
23. Which of the following statements is NOT
true about contract costing?
a. Number of contracts undertaken at a time is limited
b. Work is done at the site of the customer
c. Requires long period for completion
d. Indirect costs are higher as compared to job costing
ANS: D
25. Please select the correct treatment of depreciation
on plant and machinery in contract account.
a. Credited with amount of depreciation
b. Debited with cost of plant purchased
c. Credited with cost of plant purchased and debited with
depreciated value of plant
d. Debited with amount of depreciation
ANS: D
If You Need Most Importance MCQ PDF Cost Accounting Question Bank Than Pay Rs 100 Only
Contact 8652719712 / 8779537141
Dosto Agar App Vedio Dekhana Chate Ho Related Education To Aap Mere Youtube Channel Par Jaskate Ho Dosto Niche Link Derha Hu
YouTube: Suraj Patel Education
Telegram Group
M.A EXAM :- https://t.me/mastudentsexam
YouTube Channel