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CMA Foundation Exam: Fundamentals of Costing Practice Test
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The CMA Foundation exam syllabus includes the following topics for Fundamentals of Cost Accounting:
Meaning of Cost Accounting
Definition of Cost Accounting
Significance of Cost Accounting
Relationship of Cost Accounting with Financial, Accounting, and Management Accounting
Classification of Costs
Format of Cost Sheet 

Related Test: CMA Foundation Exam: Fundamentals of Accounting Practice Test

CMA Foundation Exam: Fundamentals of Costing Practice Test
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25 Questions

1. Cost of free samples and gifts are included in
2. CAS-21 is related to
3. Advertisement costs are termed as
4. Direct Expenses are also known as
5. Process cost is very much applicable in
6. The works cost plus administration expenses represents
7. Costs are classified between direct and indirect costs according to method of classification by
8. Which of the following is not a Relevant Cost?
9. In the situation of increasing prices, the valuation of closing stock is more under:
10. The branch of the accounting dealing with the classification, recording, allocation, summarizing and reporting of current and prospective costs, is known as
11. Bad debts are included as
12. Which of the following is a suitable cost unit for the BPO Services/Call Centers?
13. Prime cost plus factory overheads is known as
14. From the following information, find out purchases when raw material consumed is 26,500; Closing stock 4,500 and opening stock 3,000.
15. On the basis of “Relationship with accounting period” costs are classified as
16. Cost of staff services is an example of
17. Interest on own capital is
18. Statement showing break up of costs is known as
19. Costs are classified into fixed costs, variable costs and semi-variable costs, it is known as
20. The costs are differentiated between fixed and variable costs under
21. Indirect material cost is a part of
22. In behavioural analysis, costs are divided into
23. Payment of Royalties is
24. Which of the following is a part of both Prime cost and Conversion cost?
25. Which one of the following statement is true?

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