Top 80+ Solved Fundamentals of Costing MCQ Questions Answer
Q. Which of following is appropriate Cost Unit for timber industry?
a. Per tonne
b. Per article
c. Per Kg.
d. Per foot
Q. Which of the following is a Cost Control Technique?
a. Marginal Costing
b. Uniform Costing
c. Standard Costing
d. Absorption Costing
Q. Cost of free samples and gifts are included in
a. Prime Cost
b. Factory Overhead
c. Office and Administrative Overheads
d. Selling & Distribution Overheads
Q. In behavioural analysis, costs are divided into
a. Production and Non-Production costs
b. Controllable and Non-Controllable costs
c. Direct and indirect costs
d. Fixed and Variable costs
Q. Which of the following is a part of both Prime cost and Conversion cost?
a. Direct Material
b. Indirect Labour
c. Direct Labour
d. All of the above
Q. Which of the following is not a Relevant Cost?
a. Replacement Cost
b. Sunk Cost
c. Marginal Cost
d. Standard Cost
Q. Direct Expenses are also known as
a. Overhead Expenses
b. Process Expenses
c. Chargeable Expenses
d. None of the above
Q. Indirect material cost is a part of
a. Prime Cost
b. Factory Overhead
c. Chargeable Expenses
d. None of the above