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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-9 section-11

Each section contains 100 MCQs on Costing .
81
Which category of ratios is useful in assessing the capital structure and long-term solvency of a firm?
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Answer & Solution
Answer: Option C
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82
The budget which commonly takes the form of budgeted profit and loss account and balance sheet is:
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Answer & Solution
Answer: Option B
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83
Which budget is prepared first of all?
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Answer & Solution
Answer: Option C
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84
The . . . . . . . . costing is applied when a quantity of similar and identical products are manufactured together as one Job.
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Answer & Solution
Answer: Option B
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85
Which of the following is correct at break-even point?
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Answer & Solution
Answer: Option A
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86
Inventory turnover ratio = Cost of inventory consumed during the period ÷ Cost of . . . . . . . . held during the period.
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Answer & Solution
Answer: Option A
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87
Period costing means
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Answer: Option B
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88
. . . . . . . . is the most suitable method in a transport industry.
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Answer & Solution
Answer: Option B
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89
Depreciation on fixed assets implies
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Answer: Option C
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90
First in first out method of valuing material issues is suitable in times of . . . . . . . .
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Answer & Solution
Answer: Option B
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