Costing MCQ Questions and Solutions with Explanations | Commerce

A. works on cost

B. selling overhead

C. distribution overhead

D. administration overhead

A. planning

B. controlling

C. profit sharing

D. product costing

A. unit costing

B. process costing

C. batch costing

D. multiple costing

A. per litre

B. per tonne

C. per acre

D. per metre

A. marginal costing

B. historical costing

C. sunk cost

D. notional cost

A. actual hours being more than normal time

B. actual hours being more than standard time

C. standard hours being more than actual hours

D. actual hours being less than standard time

A. time spent by worker on their job

B. time spent by workers in the factory

C. time spent by workers without work

D. time spent by workers off their job

A. actual time with standard time

B. total output with total man hours

C. added value for the product with total wage cost

D. total wage and total output

A. Rs. 12

B. Rs. 14

C. Rs. 16

D. Rs. 18

A. Rowan plan allows more wages to a worker than Halsey plan

B. Rowan plan allows less wages to a worker than Halsey plan

C. Rowan and Halsey plan allow equal wages to a worker

D. Rowan plan and Halsey plan are equal to ordinary time wage