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 154hard
100 units are introduced in a process in which normal loss is 5% of input If actual output is 97 then there is ________.
Question 155hard
50 units are processed at a cost of Rs 80, normal loss is 10%, each unit carries a scrap value of 25 paise If output is 40 units, the value of abnormal loss will be _________.
Question 156hard
Abnormal process loss can be transferred to ________.
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Question 157hard
When two products are simultaneously produced in a process and one of them has comparatively high value and other is of low value , the low value product is called __________.
Question 158medium
If any by-product is produced and sold it is credited to ________.
Question 159hard
Balance of abnormal gain a/c is transferred to ________.
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Question 160hard
Inter process profits are ________.
Question 161hard
Input is 10,000 units and normal loss is 20% of input and abnormal loss is 400 units What is actual output?
Question 162hard
Cost of process Rs1,60,000 and profit to be charged on the transfer price is 20% What is the inter process profit?