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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-4 section-9

Each section contains 100 MCQs on Costing .
31
. . . . . . . . cost is irrecoverable cost.
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Answer: Option C
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32
. . . . . . . . includes financial and cost accounting, tax planning and tax accounting.
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Answer: Option C
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33
The cost formula acceptable under AS-2 for inventory valuation is
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Answer: Option A
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34
The sum of value of work certified and uncertified appearing in the Contract Account is called . . . . . . . .
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Answer: Option A
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35
A bus carries 25 passengers daily for 25 days and its mileage per month is 1000 kms. Its passenger miles are . . . . . . . .
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Answer: Option D
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36
Which of the following is an investing activity?
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Answer: Option C
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37
. . . . . . . . is used primarily for control of spare parts.
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Answer: Option C
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38
Inflated price method of valuing material issues is suitable when . . . . . . . .
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Answer: Option A
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39
The main objective of Cost Accounting is to
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Answer: Option C
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40
The process costing is not used in one of the following:
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Answer: Option C
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