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 1099hard
The deviation of the actual cost or profit or sales from the standard cost or profit or sale is known as . . . . . . . .
Question 1100medium
Working capital requirement of a sugar mill is assessed as per
Question 1101medium
Variable costs change . . . . . . . . with change in output.
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Question 1102medium
In Contract Account, the work in progress consists of
Question 1103medium
Which of the following is not the limitation of budgetary control?
Question 1104easy
Damage to material due to fire is considered-
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Question 1105medium
. . . . . . . . budget is the preparation of budget starting from a clean state.
Question 1106easy
Which of the following is a non-operating expense?
Question 1107hard
Each job has a . . . . . . . . prepared for it that bears the job number and which is used to collect all cost data relating to job.