Introduction To Cost Accounting Quiz 4 (25 MCQs)

Quiz Instructions:

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1. Labour Turn over is measured by

2. All else constant, if the selling price falls,

3. _____ cost is fixed per batch.

4. What is the indirect material used in the production of furniture?

5. Wages paid to time clerk is an example of:

6. SP-P500, VC/unit-P300, Total Fixed Cost P100, 000. How much is sales in peso if the target profit is P50, 000

7. Under Taylor's differential piece rate system, if a worker failed to complete the task within the standard time, then he was paid

8. Which one of the following is not treated as a method of costing?

9. Stores Ledger is a:

10. Floor area may be used as a basis for the apportionment of _____

11. It is a cost that expires without producing any revenue benefit.

12. Below are information related to job order costing EXCEPT:

13. The practice of charging all costs, both variable and fixed, to operations, processes or product is known as

14. For identification, each job or work order received from a customer is allotted a

15. A cost that changes in total dollar amount with the change in the level of activity is known as:

16. How much the company charge client 457?

17. The techniques and the process of ascertaining costs is known as

18. The quantity of material to be ordered at one time is known as _____

19. Calculate fixed production overhead costs per unit:

20. _____ is a technique of material cost control which leads to low carrying cost as a result of low investment in inventory

21. _____ is a group of identical products.

22. The sum of Total Manufacturing Cost and work in process, beginning equals:

23. Factory rent is a part of _____

24. Cost centres are created for

25. The branch of accounting is