Multiple choice questions of Subject Commerce Topic MCQ on Cost Accounting Multiple Choice Questions and Answers pdf ( Cost Accounting Multiple Choice Questions and Answers Quiz ) for Entrances (Entrance Exam) Conducted by different Central and State Universities are given below.
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Cost Accounting Solved MCQs | Cost Accounting Multiple Choice Questions and Answers doc
1. The main objective of cost accounting is to provide information to the management for
(a) planring
(c) policy-making
(b) decision-making
(d) None of these
Ans. b
2. Total costs of direct material, Jabour and expenses are included in
(a) distribution cost
(c) selling cost
(b) prime cost
(d) development cost
Ans. b
3. The ascertainment of costs after they had been incurred is known as
(a) differential costing
(c) historical costing
(b) replacement costing
(d) predetermined costing
Ans. c
4. …….. is a technique of cost control.
(a) Marginal conting
(c) Job costing is a technique of cost control.
(b) Standard costing
(d) Contract costinig
Ans. b
5. A cost, in which payment is made to a factor of production is referred to as
(a) opportunity cost
(c) absolute cost
(b) imputed cost
(d) out of pocket cost
Ans. d
6. Cost centre comprising of a person or a group of persons is referred to as
(a) operation oost centre
(c) service cost centre
(b) functional cost ceritre
(d) personal cost centre
Ans. d
7. A cycle manufacturing company will generally use the ….. method of costing.
(a) job costing
(b) multiple costing
(c) unit costing
(d) process costing
Ans. b
8. The process of distributing an item of cost over several cost centres is known as
(a) cost absorption
(c) cost allocation
(b) cost apportionment
(d) None of these
Ans. b
9. Interest on capital, payment for which is not made, is an example of
(a) Imputed cost
(c) replacement cost
(b) sunk cost
(d) opportunity cost
Ans. a
Cost Accounting MCQ Book
11. ……method of costing will be suitable for oil refineries.
(a) Operation costin
(c) Job costing
(b) Process costing
(d) Batch costing
Ans. b
11. Cost unit applicable to hotels providing lodging facility, will be
(a) per room, per day
(c) per passenger, per day
(b) per bed, per day
(d) None of these
Ans. a
