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 145hard
Works overhead is Rs 40,000, total machine hours is 8500 hours and time allowed for machine setting is 500 houRs What is the machine rate?
Question 146hard
Expenditure over and above prime cost is known as ________.
Question 147hard
In a machine dominated industry which method of overhead absorption is suitable?
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Question 148easy
Most appropriate basis for the apportionment of power is ________.
Question 149hard
The costing method which can be used in industry where the product pass through different processes is known as ________.
Question 150hard
Value of normal loss is charged to ________.
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Question 151easy
Which of the following will be affected by normal loss?
Question 152hard
Actual loss is less than the predetermined normal loss, it is ________.
Question 153hard
When output of earlier process is transferred at a profit to the subsequent process, it is ________.