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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-12

Each section contains 100 MCQs on Costing .
41
The type of standard best suitable for cost control purpose is:
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Answer & Solution
Answer: Option D
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42
Assertion (A): Ratio analysis is one of the tools employed to know the financial health of a concern.
Reason (R): Ratio analysis is not the only technique available to take an investment decision.
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Answer & Solution
Answer: Option A
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43
Stores Ledger is maintained in the . . . . . . . .
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Answer: Option C
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44
Match the following.
List-I List-II
a. Classification of costs into fixed and variable costs 1. Contribution
b. Difference between sales and variable costs 2. P/V ratio
c. Both fixed and variable costs are charged to product 3. Marginal costing
d. Relative profitability 4. Absorption costing
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Answer & Solution
Answer: Option C
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45
. . . . . . . . costing is used in transport undertakings.
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Answer & Solution
Answer: Option B
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46
Which technique, used for figures of two or more periods, is placed side by side to facilitate easy and meaningful comparisons?
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Answer & Solution
Answer: Option A
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47
Labour cost variance is the difference between standard cost of labour and . . . . . . . .
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Answer & Solution
Answer: Option C
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48
Added value is the change in . . . . . . . .
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Answer & Solution
Answer: Option A
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49
What does a low proprietary ratio indicates?
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Answer & Solution
Answer: Option B
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50
Cost accounting originated from-
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Answer & Solution
Answer: Option A
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