Top 50+ Solved Service Costing MCQ Questions Answer
Q. Service costing is also called as:
a. Operating Costing
b. Non-Operating Costing
c. Overhead Costing
d. Product Costing
Q. In service cost sheet costs are classified into :
a. Indirect charges.
b. Overheads.
c. Standing charges.
d. Fixed expenses.
Q. In transport service, cost sheet depreciation cost are grouped under:
a. Fixed Cost.
b. Stand by cost.
c. Semi-variable cost.
d. Variable cost.
Q. An example of composite unit in transport costing is:
a. Per passenger per km
b. Per passenger per seat
c. Per km per seat
d. Per passenger per travel
Q. Number of passenger kilometer= Number of passengers X………………
a. Number of kms.
b. Number of seats.
c. Number of buses.
d. Number of distances.
Q. IF the profit are 50% of operating cost, it is ……………. of invoice price.
a. 20%
b. 25%
c. 16.66667%
d. 33.33334%
Q. Operating costing system is more suitable to :
a. Product industries.
b. Contraction industries.
c. Service industries.
d. Manufacturing industries.
Q. Per kilometer is an example of……………..cost unit used in transport undertakings.
a. Simple
b. Composite
c. Dual
d. Joint
Q. The production operations of most businesses can be categorized as either being:
a. Specific orders
b. Continuous operations
c. Both A or B
d. None
Q. Specific order costing methods are appropriate for organizations which produce costunits which are separately identifiable from one another.
a. The above statement is correct
b. The above statement is incorrect
c. none
d. none
Q. Identify the types of specific order costing.
a. Job costing
b. Batch costing
c. Process costing
d. Both A&B only
Q. Job costing is used when a business entity carries out tasks or jobs to meet specificcustomer orders.
a. The above statement is false
b. The above statement is true
c. none
d. none
Q. A job is a cost unit which consists of a single order or contract.
a. True
b. False
c. none
d. none