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Introduction To Cost Accounting Quiz 11 (25 MCQs)

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1. _____ represents that quantity of material which is normally ordered when a particular material reaches reordering level.
2. Marginal costing is useful for _____ term decision making
3. Abnormal gain in a process is written to be _____
4. The value of abnormal loss is debited on the basis of
5. Variable costs increase in total due to
6. Labour turnover means:
7. _____ process loss should be transferred to costing profit and loss account.
8. What is the production cost for Job 123?
9. Under Halsey Plan, the bonus is paid at a fixed percentage of time saved is
10. Extra payment reuired to be paid for overtime work is called as overtime
11. It is the difference between actual or expected sales and sales at the break-even point
12. An example of fixed cost is _____
13. Compute the product cost using marginal costing if the budgeted costs are as follows:Direct material used Rm30Direct labour Rm15Direct expenses Rm8Fixed manufacturing overhead Rm2.50Variable manufacturing overhead Rm13
14. The following parties are considered as internal parties of cost accounting information, EXCEPT:
15. The method of costing used to ascertain the cost of a batch is called
16. Contract price is the cost of work done plus a percentage in case of
17. What is the Al-Ghazi's indirect cost allocate rate?
18. _____ refers to the part payment made by the contractee to the contractor on the basis of certificate issued by the architect to the contractee.
19. _____ system of costing is suitable for toy making
20. Work in process inventory increased by P110, 000 during 2030. Cost of goods manufactured was P1, 540, 000. Total manufacturing costs incurred in 2030 are:
21. An under allocated indirect cost can also be called as:
22. Which among the following is not a part of product cost?
23. The relevant range is:
24. If minimum level is 3000 units and ROQ is 2000 units, what is average stock level
25. The total of all direct expenses is known as _____
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