Costing MCQ Questions and Solutions with Explanations | Commerce

A. Operating Costing

B. Process Costing

C. Contract Costing

D. Job Costing

A. per part of bicycle

B. per bicycle

C. per tonne

D. per day

A. Rs. 1,80,000

B. Rs. 2,00,000

C. Rs. 1,70,000

D. Rs. 2,10,000

A. Rs. 2,500

B. Rs. 3,000

C. Rs. 3,333

D. Rs. 2,000

A. ABC Analysis

B. Fixation of raw material levels

C. Maintaining stores ledger

D. Control over slow moving and non moving items

A. Receiving purchase requisition

B. Exploring the sources of material supply

C. Preparation and execution of purchase orders

D. Accounting for material received

A. Quantitative as well as value wise records of material received, issued and balance

B. Quantitative record of material received, issued and balance

C. Value wise records of material received, issued and balance

D. a record of labour attendance

A. Quantitative as well as value wise records of material received, issued and balance

B. Quantitative record of material received, issued and balance

C. Value wise records of material received, issued and balance

D. a record of labour attendance

A. Maximum consumption x Maximum re-order period

B. Minimum consumption x Minimum re-order period

C. 1/2 of (Minimum + Maximum consumption)

D. Maximum level - Minimum level

A. Maximum and equal

B. Minimum and equal

C. It can be maximum or minimum depending upon case to case

D. Minimum and unequal