Cost Accounting MCQ ( Best 200+ )

by Mr. DJ

Cost Accounting MCQ

What Is Cost Accounting?

Cost accounting is a method of managerial accounting which aims to capture the total production cost of a business by measuring the variable costs of each production phase as well as fixed costs, such as a lease expense.

Examples include rent, depreciation, interest on loans and lease expenses. Direct, indirect, fixed, and variable are the 4 main kinds of cost. In addition to this, you might also want to look into operating costs, opportunity costs, sunk costs, and controllable costs.

Cost Accounting MCQ

111. …………… are prepared to know the reason of idle time
a) Idle time card
b) Time card
c) Cost card

Answer:- a
112. Under time wage system, wages are paid according to the
a) Time recorded
b) Time worked
c) Idle time

Answer:- a
113. ……… method of wage payment provides for high rate to efficient workers
a) Taylors differential piece rate system
b) Gant’s task piece rate system
c) Time rate system

Answer:- a
114. Normally overtime payment is made at
a) Three times
b) Two times
c) Four times

Answer:- b
115. Which of the following is not premium bonus plan
a) Halsey plan
b) Rowan plan
c) Merickls plan

Answer:- c
116. Fringe benefit means
a) Monetary benefit
b) Non – monetary benefit
c) Direct wages

Answer:- b
117. The recording of time of the workers arrival and departure from the factory is
a) Time keeping
b) Time booking
c) Over time

Answer:- a
118. ……………… is concerned with discovering the source of man power required and tapping these sources
a) Recruitment
b) Placement
c) Refreshment

Answer:- a
119. Under piece wage system, payment of wager is made according to the
a) Time spent
b) Volume of work done
c) Value of work done

Answer:- b
120. Labour expended in converting raw material into finished goods is called
a) Direct labour
b) Indirect labour
c) Both a & b

Answer:- a

You may also like

Leave a Comment