Cost and Works Accounting 3 MCQ
Cost accounting is a method of managerial accounting that aims to capture the total production cost of a business by measuring the variable costs of each production phase as well as fixed costs, such as a lease expense.
Those students who have preparing the B.com annual year exam must solve these types of MCQ question papers to understand the type of exam
Types of Cost Accounting
- Standard Costing
- Activity-Based Costing
- Lean Accounting
- Marginal Costing
What kind of cost has tendency to change proportionally with change in level of output.
a. Fixed cost
b. Variable cost
c. Non controllable cost
d. administrative cost.
Cost don’t change proportionally with change in level of output.
a. Raw material cost
b. labour cost
c. power and fuel cost
d. audit fees/rent of factory
Marginal costing deals with…………….
a. Variable cost
b. fixed cost
c. Sunk cost
d. semi variable cost
Marginal costing also known as
a. variable costing
b. direct costing
c. ABC costing
d. budgeting
Marginal costing primarily not used for
a. profit planning
b. cost control
c. management decision
d. financial reporting.
Managerial costing concerned with
a. fixed cost for period
b. Administrative cost
c. expansion of organization
d. additional cost for incremental production
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