Top 150+ Solved Cost and Management Accounting (CMA) MCQ Questions Answer
Q. Service costing is called as ……………….
a. operation costing
b. operating costing
c. multiple costing
d. none of these
Q. In electricity supply company uses ...................... as cost unit.
a. kilo watt hour
b. per household
c. voltage
d. none of these
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
Q. Boiler house costing is an example of..........................costing
a. operation
b. process
c. service
d. none of these
Q. In service costing, fixed charges are also called as…………………..
a. standing charges
b. variable charges
c. fixed charges
d. none of these
Q. Service costing is not used in one of the following:
a. electricity
b. hospitals
c. transport
d. electronics
Q. If the present cost of the car is Rs.1,00,000 residual value at the endof the 5th year is Rs.20,000, the monthly depreciation is…………
a. rs.20,000
b. rs.16,000
c. rs.1,333
d. rs.17,333
Q. A bus carries 25 passengers daily for 25 days and its mileage permonth is 1000 kms. Its passenger miles are………………
a. 30,000
b. 12,500
c. 20,000
d. 25,000
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
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
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
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
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
Q. When actual loss is................than the estimated loss, the differencebetween the two is considered to be abnormal gain
a. more
b. less
c. higher
d. none of these