Cost Management MCQs online exam

Cost Management MCQs online exam. You can give quiz test without any cost and improve your skills. This multiple choice questions quiz is free for everyone. This is online mcq test free for cost management.

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Cost Management

1 / 10

Q: ___is the item of product. Job, Process or customer for which cost are to be determined.

A. Cost Driver

B. Cost object

C. Cost pool

D. Cost concept

2 / 10

Q: Public utility undertakings must invariably adopt___

A. Operating costing

B. Output costing

C. Contract costing

D. Multiple costing

3 / 10

Q: Electricity generating company should employ___

A. Unit costing

B. Process costing

C. Operating costing

D. Multiple costing

4 / 10

Q: Composite unit is distinctive feature of___

A. Single or output costing

B. Process costing

C. Job costing

D. Operating costing

5 / 10

Q: The stage where joint products are separated from each other is known as___

A. break-even point

B. angle of incidence

C. split-off point

D. Point of indifference

6 / 10

Q: Direct labour costs will include:

A. Direct labour costs plus any bonuses and overtime premiums

B. Direct labour costs plus any bonuses

C. Total direct labour hours at the normal hourly rate of pay

D. All labour costs attributable to a product

7 / 10

Q: What is the ideal transfer price?

A. Market price

B. Total cost

C. Total cost less internal savings

D. Opportunity cost

8 / 10

Q: A colliery company employs:

A. Contract Costing

B. Batch Costing

C. Operating Costing

D. Single Costing

9 / 10

Q: Cost Accounting is applied to:

A. Public undertakings only

B. Large business enterprises only

C. Small business enterprises only

D. Manufacturing and services concerns

10 / 10

Q: An abnormal gain in a Process occurs in which of the following situations?

A. When actual losses are greater than the normal loss level.

B. When costs are reduced through increased machine speed.

C. When actual losses are less than the normal level.

D. When the Process output is greater than planned.

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