Cost Accounting Multiple Choice Questions and Answers pdf

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

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Statistics MCQs with Answers PDF Download Topic covering BCA Statistics subject. In This chapter are going to cover 5 units given below.

UNIT 1 BASICS OF STATISTICS AND STATISTICAL DATA,

UNIT 2 ANALYSIS OF STATISTICAL DATA,

UNIT 3 MEASURES OF STATISTICAL DATA,

UNIT 4 PERMUTATIONS, COMBINATIONS AND PROBABILITY,

UNIT 5 RANDOM VARIABLES AND DISTRIBUTION FUNCTIONS

UNIT 1 BASICS OF STATISTICS AND STATISTICAL DATA

Introduction To Statistics Multiple Choice Questions and Answers

  1. The specific statistical methods that can be used to summarize or to describe a collection of
    data is called:

    a) Descriptive statistics
    b) Inferential statistics
    c) Analytical statistics
    d) All of the above

Ans. a

  1. The need for inferential statistical methods derives from the need for __.
    a) Population
    b) Association
    c) Sampling
    d) Probability

Ans. c

  1. A population, in statistical terms, is the totality of things under consideration. It is the
    collection of all values of the _____ that is under study.

    a) Instance
    b) Variable
    c) Amount
    d) Measure
  2. Non-sampling errors are introduced due to technically faulty observations or during the
    __________ of data.

    a) Processing
    b) Analysis
    c) Sequencing
    d) Collection

Ans. a

  1. Sampling is simply a process of learning about the ______ on the basis of a
    sample drawn from it.

    a) Census
    b) Population
    c) Group
    d) Area

Ans. b

  1. Numerical facts are usually subjected to statistical analysis with a view to helping a decision-
    maker make wise decisions in the face of _______.

a)Interpreting
b) Uncertainty
c) Summarizing
d) Organizing

Ans. b

  1. In statistics, _______________ classification includes data according to the
    time period in which the items under consideration occurred.

    a) Chronological
    b) Alphabetical
    c) Geographical
    d) Topological

Ans. a

  1. Data is simply the numerical results of any scientific__________________.
    a) Analysis
    b) Researches
    c) Observation
    d) Measurement

Ans. D

  1. The ____ process would be required to ensure that the data is complete and as
    required.

    a) Tabulation
    b) Analysis
    c) Editing
    d) Ordering

Ans c

  1. A sample is a portion of the ____ population that is considered for study and
    analysis.

    a) Selected
    b) Total
    c) Fixed
    d) Random

Ans. B

  1. The method of sampling, in which the choice of sample items depends exclusively on the
    judgement of the investigator is termed as ____________.

    a) Convenience sampling
    b) Quota sampling
    c) Systematic sampling d) Judgement sampling

Ans. d

  1. Both the sampling as well as the non-sampling errors must be reduced to a minimum in order
    to get as representative a sample of the _______ as possible.

    a) Group
    b) Region
    c) Population
    d) Universe

Ans. c

  1. The larger the size of the population, the _______ should be the sample size.
    a) Smaller
    b) Larger
    c) Accurate
    d) Fixed

Ans. b

  1. When the data is to be processed by computers, then it must be coded and converted into the
    ________
    _______.
    a) English language
    b) Regional language
    c) Statistical language
    d) Computer language

Ans. D

  1. A variable is any characteristic which can assume ________ values.
    a) Different
    b) Similar
    c) Fixed
    d) Assumed

Ans. A

  1. The basic objective of a sample is to draw ________ about the population
    from which such sample is drawn.

    a) Conclusion
    b) Characteristics
    c) Inferences
    d) Parameters

Ans. C

  1. In _______ type of classification, the data is grouped together according to
    some distinguished characteristic or attribute, such as religion, sex, age, national origin, and so
    on.

    a) Quantitative
    b) Chronological c) Qualitative d) All of the above

Ans. C

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