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10 views17 pages1.costing MCQ
The document is a comprehensive guide for CA Intermediate students covering Financial Management and Strategic Management, along with Cost and Management Accounting. It includes chapter-wise presentations of various topics, such as basic concepts, overheads, and budgeting, with multiple-choice questions for quick revision. The book aims to provide full coverage of the syllabus with a focus on clarity and ease of use.
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0% found this document useful (0 votes)
10 views17 pages1.costing MCQ
The document is a comprehensive guide for CA Intermediate students covering Financial Management and Strategic Management, along with Cost and Management Accounting. It includes chapter-wise presentations of various topics, such as basic concepts, overheads, and budgeting, with multiple-choice questions for quick revision. The book aims to provide full coverage of the syllabus with a focus on clarity and ease of use.
Uploaded by
yusufsheik03Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF or read online on Scribd
/ 17
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"McQ
BOOK BANK
GROUP - Il
For CA IntemNew Syllabus 2023
Eyal e a EPC ent Ren eT
g
- Financial Management & Strategic Management
Highlights of this Book
© Single Handy Volume for Gro
© Full Coverage of CA In
@ Lucid MCQs for Quick
© Chapter-wise Presentatio
Cost and Management Accountin
Auditing & Ethics
Covering :
SUC
Commercial Law Publishers (India) Pvt. SUBJECT INDEX
Description
‘Chapter Page No.
D. COST AND MANAGEMENT ACCOUNTING
1 Basic Concepts DA-D2
Bt Materials D3-Ds
3. Employee Costing D6-D8
4 Overheads & Absorption Costing System D9-D.n
5. Activity Based Costing D.l1-D.12
6. Cost Accounting System D.A3-D.14
7 Job and Batch Costing D.15-D.16
8. Single/Output/Unit Costing DAT
9. Joint Products and By Products D.A8—D.19
10. Process Costing D20-D21
11. | Service Costing D2Z,,-,|
12, .| Standard Costing D23-D24 |
13. Marginal Costing D25-D27 |
14 Budgetary Control D28-D.30 | sting
iu
Chapter 1
Basic Concepts
“Te maln purpose of Cost Accounting ls =
{@) to movmise prot.
() tehap h ivertoy valuation.
{6 to eater ino Price War wth compesive Firms
(to. provge ‘information to menapement or
ecsorrmeking. o
{ anything for which 2 separcte
reasanen is requred
@) com unt
(@) Gost Object
(© Got Drver
(6) Cost contre
‘hic ofthe folowing is tre about Cost contra:
(2) isa corecive function
(0) it cholenges the set standards
{© Rends when targets achieved
(6) tis concerned with fature
Cost Units used in Power Sectors:
(@) Kio Meter (K")
(©) Klo-Wiatt-Hour (kwh)
(©) Number of Electric Points
(@) Machine Hours
Processes Costing method Is suitable for =
(2) Transport Sector
(©) Chemical Industries
(©) Dam Construction
(@) Fumture-making
Distinction between Direct Cost and Indirect Cost is.
an example of __dassificalion
(2) By Element
(©) By Function
(©) By Controabity
(@) By Variabity
‘The advantage of using IT in Cost Accounting does
‘ot incude:
(@) Single Point Data Entry
(©) Stock needs to be reconciled with Goods
Received Note
(0) Reduction in multipicty of documents
(@) Integration of various functions
‘A Tad Provider charges minimum Rs.80 thereafter
Rs2 per Kilometer of distance travelled, the
behaviour of Conveyance Cost Is:
(2) Fixed Cost
(©) Semi-Variable Cost
(6) Variate Cost
(@) Administrative Cost.
Da
9, Ad has three Production Departments, and each
‘partment has two machines. which of the
following cannot be Weated as Cost Centre for cost
alocation:
{a) Machines under the Production Department
(0) Production Departments
(©) Both Production Department and Machines
(@) aus
Which ofthe following Is an example of functional
Cdassication of cost?
(@) Semi-Varable Coss
(6) Fixed Cost
(@) Aaministrative Overheads
(6) Indeect Overheads,
10 J
11, Ticket Counter ina Ralway Station isan example oF
(2) Cost Centre
4B) Revenue Cente
(6) Profe Centre
(6) Investment Centre
12, Costs which are ascertained after they have been
Incured ae known as ~
(@) Sunk Costs
(b) imputed Costs
(©) Historical Costs
(@) Opportunity Costs
13. General, forthe purpose of Cost Sheet preparation,
‘costs are classified onthe basis of —
(2) Functions |
(©) Variability
(©) Relevance
(@) Nature
14, Which of the following items is not excluded while
preparing a Cost Sheet?
(2) Goodwill writen off
{(b) Provision for Taxation
(©) Property Tax on Factory Bulking
(@) Transfer to Reserves
15, What is Prime Cost?
(2) Total Direct Costs only
(©) Total Indirect Costs onty
(©) Total Non-Production Costs
(@) Total Production Costs
16, Which ofthe folowing does not form part of Pine Cost asc nr fe a
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