Applied Cost Accounting Set 7

Bachelor of Commerce (B Com)

Learning Mode Previous Next
On This Page

This set of Applied Cost Accounting Multiple Choice Questions & Answers (MCQs) focuses on Applied Cost Accounting Set 7

Q1 | A decrease in the variable cost per unit, the profit-volume ratio will
Q2 | When fixed cost decreases, the break even point ……………….
Q3 | A method of costing which is used to ascertain the cost of products at each stage of it’s manufacture is called
Q4 | The process A/c is debited with
Q5 | The process A/c is credited with
Q6 | Normal Process Loss is
Q7 | Normal cost of Normal output is equal to
Q8 | The finished product of one process becomes
Q9 | Units of abnormal gain………………..in process A/c and ……………in abnormal gain A/c
Q10 | Units of abnormal loss is………………..in abnormal process A/c and ……………in process A/c
Q11 | If abnormal loss has any scrap value , it should be credited to
Q12 | Any loss over and above the normal loss is called
Q13 | ……………..is a method of costing in which cost are collected and accumulated for each job order
Q14 | Production order costing is also known as
Q15 | Under job costing, on what basis production is performed?
Q16 | The limitations of job costing are ;
Q17 | How many steps are there in job costing procedure?
Q18 | ………………..is a modified form of job costing
Q19 | Select suitable examples for batch costing
Q20 | EBQ stands for
Q21 | EBQ =
Q22 | What is the purpose of calculating EBQ ?
Q23 | In which type of contract, the contractee agrees to pay the cost of work done plus a percentage of overhead and profit
Q24 | Contract account is a form of ………………….
Q25 | The portion of value of work that has been done by the contractor and architect or supervisor of the contractee certified that work is ………..
Previous Next