Top 150+ Solved Cost and Management Accounting (CMA) MCQ Questions Answer

From 151 to 165 of 187

Q. Service costing is called as ……………….

a. operation costing

b. operating costing

c. multiple costing

d. none of these

  • b. operating costing

Q. In electricity supply company uses ...................... as cost unit.

a. kilo watt hour

b. per household

c. voltage

d. none of these

  • a. kilo watt hour

Q. In transportation costing a composite unit such as.......................is used.

a. passenger mile/km or ten kilometer

b. per km

c. per passenger

d. per stop

  • a. passenger mile/km or ten kilometer

Q. Boiler house costing is an example of..........................costing

a. operation

b. process

c. service

d. none of these

  • c. service

Q. In service costing, fixed charges are also called as…………………..

a. standing charges

b. variable charges

c. fixed charges

d. none of these

  • a. standing charges

Q. Service costing is not used in one of the following:

a. electricity

b. hospitals

c. transport

d. electronics

  • d. electronics

Q. The method of costing applied in biscuit industries is...................costingand in steel industry…............. costing.

a. job, process

b. job, contract

c. batch, multiple

d. process, operation

  • a. job, process

Q. Average unit cost for each process is calculated by dividing the………………..by…………………

a. total cost, number of units

b. total process cost, number of units in process

c. total process cost, number of finished goods

d. total cost, number of units produced

  • b. total process cost, number of units in process

Q. Where raw material is to pass certain stages, before it is convertedinto finished goods, the method of costing used is…………………

a. job costing

b. operating costing

c. process costing

d. both b and c

  • c. process costing

Q. When the actual loss is more than the estimated loss, the differencebetween the two is considered to be………..

a. abnormal loss

b. normal loss

c. loss

d. none of these

  • a. abnormal loss

Q. When actual loss is less than the estimated loss, the differencebetween the two is considered to be……………

a. abnormal gain

b. abnormal loss

c. normal loss

d. income

  • a. abnormal gain
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