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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-1 section-13

Each section contains 100 MCQs on Costing .
1
The formula for net cash inflow of a project is
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Answer: Option A
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2
Under step method of re-apportionment of costs of service departments, the cost of last service department is apportioned only to the . . . . . . . .
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Answer: Option A
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3
Profit for the objective of calculating a ratio may be taken as
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Answer: Option D
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4
. . . . . . . . expenses are partly fixed and partly variable.
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Answer: Option D
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5
In an activity based cost system, an activity/unit of work or task with differentiated purpose will be classified as
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Answer: Option C
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6
Factory cost is also known as the name of . . . . . . . . .
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Answer: Option B
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7
Variable cost per unit . . . . . . . .
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Answer: Option A
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8
Cost Accountancy is the science, art and . . . . . . . . of a cost accountant.
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Answer: Option A
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9
A responsibility centre in which manager is responsible for cost only, is known as
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Answer: Option A
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10
In . . . . . . . . costing where standardized goods or services result from a sequence of repetitive and more or less continuous operations to which costs are collected and averaged over the units produced during the year:
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Answer: Option C
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