Top 150+ Solved Cost Management MCQ Questions Answer
Q. The stage where joint products are separated from each other is known as--------
a. break-even point
b. angle of incidence
c. split-off point
d. Point of indifference
Q. Abnormal loss is charged to--------------
a. process account
b. costing profit and loss account
c. Normal loss account
d. None of these.
Q. Classification and accumulation of costs by fixed and variable costs is a distinctive feature of-----------
a. Process costing
b. Unit costing
c. Operating costing
d. Batch costing
Q. Composite unit is distinctive feature of-------
a. Single or output costing
b. Process costing
c. Job costing
d. Operating costing
Q. Electricity generating company should employ----------
a. Unit costing
b. Process costing
c. Operating costing
d. Multiple costing
Q. Cinema houses must adopt-------
a. Operating costing
b. Job costing
c. Batch costing
d. Contract costing
Q. For a library the best method of costing suitable is-----------
a. Output costing
b. Operating costing
c. Process costing
d. Multiple costing
Q. For an educational institute the right method of costing is------------
a. Output costing
b. Job costing
c. Operating costing
d. Process costing
Q. Hospitals must make use of-----------
a. Operating costing
b. Batch costing
c. Process costing
d. Multiple costing
Q. For hotels the best method of costing is----------
a. Single or output
b. Contract costing
c. Process costing
d. Operating costing
Q. Flight/Air services must make use of-----------
a. Job costing
b. Operating costing
c. Batch costing
d. Process costing
Q. Indian Railways must adopt----------
a. Operating costing
b. Unit costing
c. Batch costing
d. Multiple costing
Q. Public utility undertakings must invariably adopt---------
a. Operating costing
b. Output costing
c. Contract costing
d. Multiple costing
Q. Kerala Electricity Board must make use of-----------
a. Single or unit costing
b. Job costing
c. Process costing
d. Operating cost