Costing MCQs

Cost-plus pricing is considered appropriate for: (I) Product Tailoring (II) Public Utility Pricing (III) Refusal Pricing (IV) Monopoly Pricing

Liquidity ratios are expressed in

. . . . . . . . aids in price fixation.

When 1000 units are 60% complete in a process, it is equivalent to . . . . . . . . completed units.

The primary emphasis of . . . . . . . . cost is on the planning function of management.

Why is profit volume ratio used? 1. To compute the variable cost for any volume of sales. 2. To determine break-even point and the level of output required to earn a desired profit. 3. To decide most profitable sales mix. Select the correct answer

Boiler house costing is an example of . . . . . . . . costing.

Material should be issued by the store keeper against . . . . . . . .

The scope of cost accounting include . . . . . . . ., . . . . . . . . and . . . . . . . .