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Cost Accounting Test Questions
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Cost Accounting Test Questions
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25 Questions

1. The loss incurred on an incomplete contract is transferred to …………….account.
2. Contract costing is not used in one of the following industries.
3. When actual loss is ………..than the estimated loss, the difference between the two is considered to be abnormal gain
4. Defectives are that portion of production which can be ………………at some extra cost of re-operation.
5. Cost accounting disclose …………….
6. An opportunity cost is …………………..
7. For conducting …………………..workers are studied at their jobs and all their movements and motions are noted.
8. "……………………provides information for income determination."
9. Where actual loss in a process is less than the anticipated loss, the difference between the two is considered to be ………………..
10. …………………expenses are excluded from cost.
11. Variable cost per unit ……….…………...
12. When 1000 units are 60% complete in a process, it is equivalent to …………….completed units.
13. The primary emphasis of………………..cost is on the planning function of management.
14. ………………… is the maximum possible alternative earning that might have been earned if the productive capacity is put to some alternative use.
15. The method of costing used in a refinery is……………..costing.
16. Telephone expense is …………….expense.
17. Bin card is maintained by the…………….
18. Standard costs is…………………..
19. A bus carries 25 passengers daily for 25 days and its mileage per month is 1000 kms. Its passenger miles are………………
20. Boiler house costing is an example of …………….costing
21. Bin card is a record of ………….only.
22. Primary packing is an item of ………………
23. Stock Adjustment Account is debited with ……….and credited with ………..
24. Service costing is called as ……………….
25. When the actual loss is more than the estimated loss, the difference between the two is considered to be………..

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