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 1270hard
The control ratios used by the management to know whether the deviations of the actual performance from the budgeted performance are favourable or unfavourable are . . . . . . . .
Question 1271easy
ABC analysis is used for the following
Question 1272easy
Master budget is a
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Question 1273medium
. . . . . . . . costing is a type or technique of costing.
Question 1274medium
Which of the following would increase the cash flow of a firm?
Question 1275hard
Under Merrick's multiple piece rate system, ordinary piece rate is given to workers whose level of performance is between . . . . . . . . of the standard output.
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Question 1276medium
Cost accounting is based on . . . . . . . . . figures.
Question 1277hard
Match the items of List-I with List-II. List-I List-II a. Intangible assets 1. Ind AS 31 b. Impairment of assets 2. Ind AS 34 c. Interim financial reporting 3. Ind AS 36 d. Interests in joint ventures 4. Ind AS 38
Question 1278hard
. . . . . . . . is a technique of material cost control which leads to low carrying cost as a result of low investment in inventory.