Cost Accounting Test
| Description: Useful for commerce students, SET, UGC exams etc. | |
| Number of Questions: 30 | |
| Created by: Niharika Sharma | |
| Tags: Cost Accounting Cost Concepts: Analysis and Behaviour Responsibility Accounting Operation Cost Job, Batch and Contract Costing Inventory Valuation and Control |
______ is an extension of job costing.
In automobile industry, cost unit is defined as
Cost accounting has been developed because of ____ of financial accounting.
Costing is a techinique of
Cost unit in a college may be a
Cost accountancy is the science, art and _____ of cost accountant.
When job is very big and spread over long periods of time, the method of costing adopted is
Continuous costing is also called
The main types of costing for ascertaining costs do not include
_____ costing is used in transport undertaking.
Cost accounting is based on _____ figures.
In ____ costing, the cost of a group of products is ascertained.
The total of all direct expenses is known as
Work cost is the total of
Opportunity cost does not involve
Pocket payment involves payment to
Depreciation is a/an _____ expenditure.
Value added is the change in
Re-ordering level = Maximum consumption x
______ represents that quantity of material which is normally ordered when a particular material reaches the ordering level.
The quantity of material to be ordered at one time is known as
Stock verification sheets are maintained to record the result of _____ verification.
______ costing is suitable for mines, quaries, cement works etc.
Material control aims at achieving effective _____ management.
The two levels of material control are quantity control and
The two aspects of material control are accounting aspect and ............. aspect.
Bin card is a record of _____ only.
Bin card is maintained by
Stores ledger is maintained in the _____ department.
An opportunity cost is a/an