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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-7 section-9

Each section contains 100 MCQs on Costing .
61
. . . . . . . . costing is applicable to printers.
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Answer & Solution
Answer: Option D
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62
Which of the following measures the best operating performance?
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Answer: Option A
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63
General profitability ratios are on the basis of
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Answer: Option B
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64
Where the work is undertaken to Customer's special requirements and each order is of comparatively short-duration, it is called . . . . . . . . costing.
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Answer & Solution
Answer: Option A
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65
Cost accounting records both monetary and . . . . . . . . units.
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Answer & Solution
Answer: Option A
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66
Price earning ratio is useful to whom?
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Answer: Option C
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67
Portion of labour costvariance which is due to the difference between predetermined working days and actual working days is
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Answer: Option B
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68
Which of the following items would be specifically included in the statement of cash flows constructed in compliance with AS-3?
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Answer: Option C
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69
Match the items of List-I with the items of List- II and select the correct answer.
List-I List-II
a. Golden parachutes 1. The right to purchase a stated number of shares of company stock at today's price in the future.
b. Gain sharing 2. An incentive plan engaging employees in a common effort to achieve productivity objectives and share the gains.
c. Stock-option 3. Payment companies make in connection with a change in ownership or control of a company.
d. Annual bonus 4. Plans designed to motivate the short-term performance of managers, and are tied to company profitability.
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Answer: Option D
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70
The debt-equity ratio of a company is 2 : 1. In this relation, match the following.
List-I List-II
a. Issue of equity shares 1. No change on the ratio
b. Cash received from debtors 2. Reduce the ratio
c. Redemption of debentures 3. No change on the ratio
d. Purchased goods on credit 4. Reduce the ratio
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Answer & Solution
Answer: Option B
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