Question
P1ease provide correct answer for all : 1. Costing is an approach for a) Inventory control b) Management control c) Ascertainment of cost d) Calculation
P1ease provide correct answer for all :
1. Costing is an approach for
a) Inventory control
b) Management control
c) Ascertainment of cost
d) Calculation of cost
e) Reduction of cost
2. Cost accounting has been made considering the way that of money related accounting.
a) limitations
b) expenditure
c) statutory fundamentals
d) both (a) and (b)
e) None of these
3. Cost accounting is the science, workmanship and of cost partner.
a) Profession
b) Management
c) Administration
d) Practice
e) All of these
4. In vehicle industry cost unit is
a) Number
b) Automobile quality
c) Number of vehicle industry
d) Either (a) or (c)
e) None of these
5. Cost unit in a school may be
a) teacher
b) Non instructor staff
c) Student
d) Number of workplaces
e) None of these
6. costing is authentic for mines, quarries, solid works, etc
a) Process
b) Contract
c) Batch
d) Operation
e) Job
7. is a growth of occupation costing.
a) Process costing
b) Batch costing
c) Contract costing
d) Operation costing
e) None of these
8. When occupation is massive and spread all through huge intervals of time the framework for costing got is
a) Process
b) Job
c) Contract
d) Operation
e) Batch
9. Continuous costing is moreover called
a) Operation costing
b) Process costing
c) Batch costing
d) Contract costing
e) None of these
10. The standard kinds of costing for discovering costs do bar
a) Uniform costing
b) Standard costing
c) Marginal costing
11. Cost accounting is based on figures.
a) Approximated
b) Estimated
c) Historical
d) Either (a) or (c)
e) None of these
12 costing is used in vehicle undertaking.
a) Operating
b) Standard
c) marginal
d) Absorption
e) Service
13. In costing the cost of a get-together of things is learned.
a) Process
b) Job
c) Batch
d) Service
e) Marginal
14. The supreme of all concise expenses is known as
a) Total cost
b) OverheadPrime cost
c) Work cost
d) None of these
15. An opportunity cost is a
a) Direct cost
b) Indirect cost
c) Variable expense
d) Fixed cost
e) Semi-variable expense
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