Q.1
Process of assigning direct or indirect cost to any cost object is known as
Q.2
Budgeted direct labour hours are multiplied to direct labour cost rate to calculate
Q.3
Term which describes assigning of indirect cost to any cost abject is classified as
Q.4
An average unit cost, applicable to each similar produced units is classified as
Q.5
If budgeted direct labour hours are 4550 and direct labour cost rate is $600 per labour hour then, total direct labour cost would be
Q.6
A document which contains information about materials of specific product, in specific department comes under
Q.7
If an overhead cost of operating a machine is $500000 for 1000 hours, then cost allocation rate will be
Q.8
The process of redistribution of service department costs to production departments is ________.
Q.9
Depreciation of plant can be apportioned on the basis of ________.
Q.10
Indirect materials can be apportioned on the basis of ________.
Q.11
A cost unit is ________.
Q.12
Factory overhead is also called as ________.
Q.13
Which one of the following is not considered for preparation of cost sheet?
Q.14
Sale of defectives is reduced from ________.
Q.15
The stores keeper should initiate a purchase requisition when stock reaches ________.
Q.16
Direct cost incurred can be identified with ________.
Q.17
Cost of sales plus profit is _______.
Q.18
Prime cost includes _______.
Q.19
Depreciation of plant and machinery is a part of ________.
Q.20
Costing refers to the techniques and processes of ________.
Q.21
Cost accounting was developed because of the _________.
Q.22
Multiple costing is a technique of using two or more costing methods for ascertainment of cost by _______.
Q.23
Prime cost plus variable overheads is known as________.
Q.24
Wages paid to a labour who was engaged in production activities can be termed as _______.
Q.25
Classification of cost is useful ________.
Q.26
operating costing is a ________.
Q.27
In goods transport service the cost unit is ________.
Q.28
Difference between job time and attendance time is
Q.29
The type of loss that should not affect cost of inventories is ________.
Q.30
The expenses relating to a particular process is ________.
Q.31
Appropriate basis for apportionment of material handling charges is ________.
Q.32
Recreation expenses in factory are apportioned on the basis of ________.
Q.33
Classification and accumulation of costs by fixed and variable costs is of special importance in ________.
Q.34
Process cost is ascertained and recorded in ________.
Q.35
Batch costing is useful to determine ________.
Q.36
Which of the following is an example of semi-variable cost?
Q.37
The purpose of financial accounting is to provide information for ________.
Q.38
Defectives ________.
Q.39
Overhead cost is the total of ________.
Q.40
Operating costing is suitable for _______.
Q.41
Normal loss in the manufacturing process leads to _______.
Q.42
Abnormal loss and its value are _______.
Q.43
Charging output with overhead at reasonable rate is called ________.
Q.44
Comprehensive machine hour rate includes ________.
Q.45
The basis for the payment of cash by contractee under contract is ________.
Q.46
Contract a/c is _______.
Q.47
Actual loss is more than the predetermined normal loss, it is ________.
Q.48
Number of worker employed is used as basis for the apportionment of ________.
Q.49
In order to avoid the stoppage of production due to shortage of material _______.
Q.50
Discarded material substances having no value is called ________.
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