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Introduction To Cost Accounting Quiz 5 (25 MCQs)

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1. Calculate cost per direct labour hour for 3FSB.
2. The rent of a factory is classed as what type of cost?
3. Total Cost-marginal cost =
4. When the cost accounting should be prepared by the Cost Accountant?
5. The budgeted total direct labour cost is divided with budgeted total direct labour hours is to calculate the
6. What is the total overhead cost for Job 123?
7. What is the total selling price for Job 123?
8. The weighted average for the year inventory cost flow method is applicable to which of the following inventory system?
9. Which method is used in hospitals for determining cost?
10. For Chemical _____ will be cost unit
11. Given that for a job standard time is 8 hours, actual time taken is 6 hours and the time rate is Rs.2 per hour. What is the total wages, under Halsey Premium Plan?
12. If the budgeted direct labour hours are 4, 000 hours and direct labour cost rate is RM6.00 per labour hour then, the total direct labour cost would be:-
13. What is the meaning of overtime?
14. Direct material is a _____
15. The amount expended by the contractor on a contract not completed at the end of the accounting period is called _____
16. Variable cost change _____ with change in output.
17. Calculate fixed overhead costs per unit cost to produce the chair?
18. Idle time is the time under which
19. What is the total material cost for Job 123?
20. Cost accounting differs from financial accounting in respect of
21. An indirect cost
22. Which one is the MOST suitable cost driver for total labor cost?
23. Calculate per direct labour hour rate:
24. How much indirect costs will be allocated to client 457?
25. The method of costing applied in cycle part manufacturing is
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