Costing MCQ Questions and Solutions with Explanations | Commerce

A. the financial position

B. profit/loss of a product, job or service

C. effect and impact of cost on business

D. None of these

A. Decreases the current ratio

B. Increases the current ratio

C. Does not affect the current ratio

D. None of the above

A. rising prices

B. falling prices

C. fluctuating prices

D. None of these

A. (i), (ii) and (iii)

B. (i) and (iii)

C. (ii), (iii) and (iv)

D. All of the above

A. $${\text{Earned profit}} \times \frac{{50}}{{100}}$$

B. $${\text{Earned profit}} \times \frac{3}{2} \times \frac{{{\text{Cash received}}}}{{{\text{Contract value}}}}$$

C. $${\text{Earned profit}} \times \frac{2}{3} \times \frac{{{\text{Cash received}}}}{{{\text{Contract value}}}}$$

D. $${\text{Earned profit}} \times \frac{2}{3} \times \frac{{{\text{Cash received}}}}{{{\text{Certified value}}}}$$

A. Rs. 4,98,750

B. Rs. 7,50,000

C. Rs. 5,25,000

D. Rs. 7,12,500

A. Both (A) and (R) are correct, and (R) is the correct reason for (A)

B. Both (A) and (R) are correct, but (R) does not explain (A) correctly

C. (A) is correct, but (R) is incorrect

D. (A) is incorrect, but (R) is correct

A. Job costing

B. Operating costing

C. Process costing

D. Both B and C

A. increases

B. does not increase

C. decreases

D. None of these

A. Equal

B. Comparative

C. Absolute

D. All of these