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Costing MCQ Questions and Solutions with Explanations | Commerce

Costing MCQ Questions and answers with easy and logical explanations. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Costing MCQ is important for exams like B.COM, M.COM, BBA, BBM, CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other commerce department exam. Page-10 section-13

Each section contains 100 MCQs on Costing .
91
The quantity of material to be ordered at one time is known as . . . . . . . . .
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Answer & Solution
Answer: Option A
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92
The Gantt bonus scheme is a composite form of-
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Answer & Solution
Answer: Option C
No explanation is given for this question. Let's Discuss on Board
93
The test of objectivity and verifiability is satisfied by valuing inventory at:
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Answer & Solution
Answer: Option C
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94
Which of the following is a technique of financial statement analysis?
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Answer & Solution
Answer: Option D
No explanation is given for this question. Let's Discuss on Board
95
Which of the following statements relating to incentive payments is correct?
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Answer & Solution
Answer: Option B
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96
A firm consumes 90,000 units of a certain item of raw material in its production process annually. It costs Rs. 3 per unit, the cost per purchase order is Rs. 300 and the inventory carrying cost is 20% per year. What is the EOQ?
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Answer & Solution
Answer: Option B
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97
If the present cost of the car is Rs. 1,00,000 residual value at the end of the 5th year is Rs. 20,000, the monthly depreciation is . . . . . . . .
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Answer & Solution
Answer: Option C
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98
. . . . . . . . budget is the most important budget and it forms the basis on which all the other budgets are built up.
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Answer & Solution
Answer: Option D
No explanation is given for this question. Let's Discuss on Board
99
Salary paid to general manager is an item of . . . . . . . . expenses.
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Answer & Solution
Answer: Option A
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100
Budgeting system . . . . . . . . key managerial functions.
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Answer & Solution
Answer: Option B
No explanation is given for this question. Let's Discuss on Board