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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-8 section-13

Each section contains 100 MCQs on Costing .
71
ABC analysis is used for the following
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Answer & Solution
Answer: Option C
No explanation is given for this question. Let's Discuss on Board
72
Master budget is a
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Answer & Solution
Answer: Option C
No explanation is given for this question. Let's Discuss on Board
73
. . . . . . . . costing is a type or technique of costing.
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Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
74
Which of the following would increase the cash flow of a firm?
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Answer & Solution
Answer: Option A
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75
Under Merrick's multiple piece rate system, ordinary piece rate is given to workers whose level of performance is between . . . . . . . . of the standard output.
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Answer & Solution
Answer: Option C
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76
Cost accounting is based on . . . . . . . . . figures.
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Answer & Solution
Answer: Option A
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77
Match the items of List-I with List-II.
List-I List-II
a. Intangible assets 1. Ind AS 31
b. Impairment of assets 2. Ind AS 34
c. Interim financial reporting 3. Ind AS 36
d. Interests in joint ventures 4. Ind AS 38
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Answer & Solution
Answer: Option B
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78
. . . . . . . . is a technique of material cost control which leads to low carrying cost as a result of low investment in inventory.
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Answer & Solution
Answer: Option B
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79
Volume Variance =
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Answer & Solution
Answer: Option D
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80
Loss on incomplete contract is transferred to-
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Answer & Solution
Answer: Option A
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