Top 150+ Solved Applied Cost Accounting MCQ Questions Answer
Q. The method of costing applied when articles are manufactured in definitebatches is ………………………….
a. Job costing
b. operation costing
c. Batch costing
d. service costing
Q. The number of units to be manufactured in one batch
a. Economic order Quantity
b. Economic Quantity
c. Economic batch Quantity
d. ordering unit
Q. The method of job costing is applied
a. Biscuit manufacturing
b. oil refining
c. Medicine manufacturing
d. Engineering work shop
Q. The method of batch costing is used in …………………
a. Manufacture of agriculture product
b. construction of building
c. Manufacturing medicines
d. processing of oil
Q. Job costing is ………………………….
a. Method of costing
b. technique of costing
c. Cost ascertainment
d. cost estimation
Q. The method of costing applied in lathe is ………………….
a. Process costing
b. marginal costing
c. Absorption costing
d. job costing
Q. The method of costing applied in cycle parts manufacturing is ………..
a. Job costing
b. process costing
c. Batch costing
d. contract costing
Q. Job costing is applied when the product are of …………… nature
a. Similar
b. Dissimilar
c. Non separable
d. none of these
Q. Job costing can also be called as ……………….. costing
a. Specific order costing
b. batch costing
c. Transport costing
d. Farm costing
Q. For each job a …………………. Is given under job costing
a. Distinct number
b. Equal number
c. Coding
d. None of these
Q. In ……………… costing production is always made for stock
a. Job costing
b. batch costing
c. Process costing
d. contract costing
Q. Cost of product in each stage is calculated in ………. Costing
a. Contract costing
b. marginal costing
c. Multiple costing
d. process costing
Q. Un avoidable loss inherent in the material
a. Normal los
b. abnormal loss
c. Accidental loss
d. spoilage
Q. Incidental residue from manufacture with recoverable value
a. Scrap
b. spoilage
c. Defective
d. loss
Q. ………….. product are produced incidental to the main product
a. Joint product
b. By product
c. Co – product
d. none of these