Costing MCQ Questions and Solutions with Explanations | Commerce

A. Ratio analysis

B. Budgetory control

C. Inventory control

D. Sales budgeting

A. Functional budget

B. Operating budget

C. Summary budget

D. Financial budget

A. Marginal

B. Batch

C. Multiple

D. Job

A. A decrease in inventory

B. An increase in debtors

C. An increase in the prepaid expenses

D. A decrease in income in advance

A. 0% and 100%

B. 0% and 120%

C. 0% and 83%

D. None of these

A. estimated

B. historical

C. actual

D. None of these

A. a-1, b-2, c-3, d-4

B. a-4, b-3, c-2, d-1

C. a-4, b-1, c-2, d-3

D. a-4, b-2, c-1, d-3

A. ABC Analysis

B. JIT Inventory System

C. VED Analysis

D. Perpetual Inventory System

A. Standard rate (Actual output - budgeted output)

B. Actual output × standard rate - budgeted fixed overheads

C. Standard rate per hour (Standard hours produced - actual hours)

D. All of the above

A. Profit and loss account

B. Execution work

C. Partly to both of them

D. Certified work