Costing MCQs
Practice free Costing multiple-choice questions with instant answer feedback and step-by-step solutions. Click an option to check yourself, reveal the full explanation, and work through all 1419 questions — no login required.
Question 946medium
Cost which are recorded in the books after expenditure is incurred but before profit is realized
Question 947medium
Which of the following expenditure groups are direct expenses of the business?
Question 948medium
In marginal costing, contribution is equal to
Advertisement
Question 949hard
Match the items of List-I with those of List-II. List-I List-II a. Acid test ratio 1. Profitability analysis b. Debt service coverage ratio 2. Activity analysis c. Debt equity ratio 3. Liquidity analysis d. Stock turnover ratio 4. Long-term solvency analysis
Question 950medium
. . . . . . . . expenses are excluded from cost.
Question 951hard
Given below are two statement. one labelled as Assertion (A) and other as Reason (R): Assertion (A): Cost accounting is complementary to financial accounting. Reason (R): The result of cost accounting are not trustworthy. Choose the correct answer
Advertisement
Question 952hard
Product A requires 10 kg of material at the rate of Rs. 5 per kg. The actual consumption of material for the manufacturing of product A comes to 12 kg of material at the rate of Rs. 6 per kg. Direct material cost variance is
Question 953easy
Cash budget is based on
Question 954medium
In an activity based costing implementation, product's diverse demand is based on