Costing MCQ Questions and Solutions with Explanations | Commerce

A. important

B. direct

C. indirect

D. None of the above

A. cash outlays

B. direct cost

C. indirect cost

D. None of the above

A. Rs. 2,000

B. Rs. 4,000

C. Rs. 10,000

D. Rs. 12,000

A. quantity of work done

B. time

C. Both A and B

D. None of these

A. job description

B. job specifications

C. job evaluation

D. Both A and B

A. Standard cost of materials - actual cost of materials

B. Budgeted cost of materials - actual cost of materials

C. Standard cost of materials - budgeted cost of materials

D. Actual cost of materials - budgeted cost of materials

A. Advertisement

B. Dispatch clerk salary

C. Tender preparation cost

D. Sales manager salary

A. Product expenses and period expenses

B. Past and current expenses

C. Administrative, selling, and factory expenses

D. Fixed, semi-variable, and variable expenses

A. General loss

B. Abnormal loss

C. General profit

D. Abnormal profit

A. Both (A) and (R) are correct, and (R) is the correct explanation of (A)

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

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

D. Both (A) and (R) are incorrect