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 856hard
A company proposes to introduce a new product in the market. The company wants to maintain P/V ratio at 25%. If variable cost of the product is Rs. 300, then what will be the selling price?
Question 857hard
What is the amount of fixed cost if the margin of safety is Rs. 80,000 profit is Rs. 20,000, and sales is Rs. 3,00,000?
Question 858easy
Credit and collection cost is an item of:
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Question 859medium
. . . . . . . . forms part of cost of production.
Question 860medium
Average cost method of valuing material issues is suitable when . . . . . . . .
Question 861medium
. . . . . . . . costing is applicable to printers.
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Question 862medium
Which of the following measures the best operating performance?
Question 863easy
General profitability ratios are on the basis of
Question 864hard
Where the work is undertaken to Customer's special requirements and each order is of comparatively short-duration, it is called . . . . . . . . costing.