ExamVeda
Login
Home

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-6 section-8

Each section contains 100 MCQs on Costing .
51
Out of pocket costs involve payment to . . . . . . . . .
Discuss
Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
52
Process costing is also known as . . . . . . . . costing.
Discuss
Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
53
Which of the following relate to measures of non-financial performance of a concern?
1. Customer satisfaction
2. Business process improvement
3. Economic value added
4. Learning organisation
Select the correct answer
Discuss
Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
54
The ratio for testing immediate solvency is
Discuss
Answer & Solution
Answer: Option B
No explanation is given for this question. Let's Discuss on Board
55
What does a high payout ratio indicate?
Discuss
Answer & Solution
Answer: Option B
No explanation is given for this question. Let's Discuss on Board
56
The primary difference between a fixed budget and a variable (flexible) budget is that a fixed budget:
Discuss
Answer & Solution
Answer: Option D
No explanation is given for this question. Let's Discuss on Board
57
Warehousing cost is an item of:
Discuss
Answer & Solution
Answer: Option B
No explanation is given for this question. Let's Discuss on Board
58
Sale of investment in marketable securities implies
Discuss
Answer & Solution
Answer: Option C
No explanation is given for this question. Let's Discuss on Board
59
If the beginning balance in raw materials inventory is Rs. 5,000, the ending balance is Rs. 3,500 and material of Rs. 60,000 was purchased, what is the amount of materials transferred to work-in-processinventory during the period?
Discuss
Answer & Solution
Answer: Option C
No explanation is given for this question. Let's Discuss on Board
60
Fancy packing is an example of . . . . . . . . expenses.
Discuss
Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board