Top 150+ Solved Cost and Management Accounting MCQ Questions Answer
Q. Indirect material used in production is classified as.
a. office overhead.
b. selling overhead.
c. distribution overhead.
d. production overhea
Q. Warehouse rent is a part of .
a. prime cost.
b. factory cost.
c. distribution cost.
d. production cost.
Q. Indirect material scrap is adjusted along with .
a. prime cost.
b. factory cost.
c. labour cost.
d. cost of goods sol
Q. Which one of the following is not considered for preparation of cost sheet?
a. Factory cost.
b. Goodwill written off.
c. Selling cost.
d. Labour cost.
Q. Sale of defectives is reduced from .
a. prime cost.
b. works cost.
c. cost of production.
d. cost of sales.
Q. Tender is an.
a. estimation of profit.
b. estimation of cost.
c. estimation of selling price.
d. estimation of units.
Q. Cost of sales plus profit is .
a. Selling price.
b. value of finished product.
c. value of goods produced.
d. value of stocks.
Q. Prime cost includes.
a. Direct materials, direct wages and indirect expenses.
b. Indirect materials and indirect labour and indirect expenses.
c. Direct materials, direct wages and direct expenses.
d. Direct materials, indirect wages and indirect expenses.
Q. Total of all direct costs is termed as .
a. prime cost.
b. works cost.
c. cost of sales.
d. cost of production.
Q. Depreciation of plant and machinery is a part of .
a. factory overhead.
b. selling overhead.
c. distribution overhead.
d. administration overhea
Q. Audit fess is a part of .
a. works on cost.
b. selling overhead.
c. distribution overhead.
d. administration overhea
Q. Counting house salary is part of .
a. factory overhead.
b. selling overhead.
c. distribution overhead.
d. administration overhea
Q. Factory overhead can be charged on the basis of -.
a. material cost.
b. labour cost.
c. prime cost.
d. direct expenses
Q. Office and administrative expenses can be charged on the basis of .
a. material cost.
b. labour cost.
c. prime cost.
d. factory cost.
Q. Selling and distribution expenses can be charged on the basis of .
a. material cost.
b. labour cost.
c. prime cost.
d. factory cost.