Top 50+ Solved Costing MCQ Questions Answer
Q. Which of the following is not a means whereby factory overheads can be charged out to production ?
a. over time rate
b. blanket rate
c. machine hour rate
d. direct labour rate
Q. Subsidy receivable with respect to any material shall be __________cost of material
a. reduced from
b. added to
c. divided to
d. multiplied to
Q. ____________ may be valued on a FIF basis in cost accouts and LIFO basis in financial accounts.
a. direct expenses
b. administrative expenses
c. raw materials
d. labour
Q. Indirect cost are known as ______
a. variable cost
b. overheads
c. none of the above
d. fixed cost
Q. Material is issued by store keeper against _____________
a. material requisition
b. purchase requisition
c. material order
d. goods received notes
Q. Number of methods avaliable for calculation of labour turn over is ________________
a. forth
b. three
c. five
d. two
Q. Which of the following bases is not a appropriate for apportionment of transport department cost ?
a. crane value
b. crane hours
c. truck milage
d. truch value
Q. Labour costs __________Salaries and wages paid to temporary employees.
a. written
b. includes
c. mentioned
d. excludes
Q. Which of the following is not an example of marketing overheads ?
a. salaries of sales staff
b. secondary packing charges
c. salary of the foreman
d. publicity expenses
Q. The document which is prepared after receiving and inspecting material _____________
a. goods received note
b. inventory record
c. material record note
d. bill of material