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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-5 section-11

Each section contains 100 MCQs on Costing .
41
Which is the best measurement by the centre's for the contribution of a profit centre to the overall profitability of the business in the long-run?
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Answer & Solution
Answer: Option D
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42
When actual loss is . . . . . . . . than the estimated loss, the difference between the two is considered to be abnormal loss.
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Answer & Solution
Answer: Option A
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43
What is a serious limitation of financial ratio?
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Answer: Option A
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44
The sum of factory cost/work cost and administrative overheads is called
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Answer: Option B
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45
In inter process profits, the output of one process is transferred from one process to another not at . . . . . . . . but at . . . . . . . .
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Answer: Option B
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46
Halsey premium plan is based on
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Answer: Option C
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47
Fixed Cost ± Profit or Loss = . . . . . . . .
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Answer & Solution
Answer: Option C
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48
. . . . . . . . Accounting is not only a positive science but also a normative science because it includes techniques of budgetary control and standard costing.
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Answer: Option B
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49
If provision for taxation is treated as a current liability, then payment of tax is
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Answer: Option A
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50
Basis of apportionment of stores service expenses is . . . . . . . .
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Answer & Solution
Answer: Option A
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