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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-3 section-11

Each section contains 100 MCQs on Costing .
21
. . . . . . . . budget gives an estimate of the anticipated receipts and payment of cash during the budget period.
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Answer & Solution
Answer: Option C
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22
In time wage system, wages are paid according to the . . . . . . . .
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Answer: Option B
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23
Worker's participation implies their right to take part in:
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Answer: Option B
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24
Service costing is called as . . . . . . . .
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Answer: Option B
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25
The Learner index measures
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Answer: Option A
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26
. . . . . . . . is concerned with discovery of facts concerning a job and . . . . . . . . is concerned with ascertaining the money value of a job.
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Answer: Option C
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27
. . . . . . . . is not the scope of Cost Accountancy.
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Answer: Option D
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28
Consider the data below and answer the questions based on it.
Factory Expenses = Rs. 30000
Administrative Expenses = Rs. 20000
Labour Cost = Rs. 25000
Materials = Rs. 35000
Selling Expenses = Rs. 10000
Ascertain the prime cost with the help of the given cost data.
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Answer & Solution
Answer: Option B
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29
Which of the following would be included in a cash budget?
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Answer: Option C
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30
Which one of the following concepts is used as fund in the preparation of funds flow statement?
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Answer: Option D
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