Costing MCQs

Under the marginal costing concept, unit product cost would most likely be increased by

Cost accounts deal partly with facts and figures and partly with . . . . . . . .

Which of the following activities should be shown separately in the cash flow statement prepared as per accounting standard-3? I. Cash flow from borrowing activities. II. Cash flow from operating activities. III. Cash flow from financing activities. IV. Cash flow from investing activities. V. Cash flow from miscellaneous activities.

Permanent working capital is generally financed through

Standard cost is a . . . . . . . . cost.

An inflow of cash would result from which of the following?

Formula of calculation of wages under Halsey Premium System is . . . . . . . .

The use of FIFO method is suitable for

In . . . . . . . . each job is a cost unit to which all costs are assigned.