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Cost Accounting Test
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Cost Accounting Test
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25 Questions

1. In order to avoid the stoppage of production due to shortage of material _______.
2. ABC analysis is-----------
3. When output of earlier process is transferred at a profit to the subsequent process, it is ___________.
4. Charging output with overhead at reasonable rate is called ______________.
5. Merricks multiple piece rate system has _______.
6. Cost accounting was developed because of the ____.
7. Generally types of stores are classified into _________.
8. Packing cost is ___________.
9. Costing refers to the techniques and processes of _________.
10. Job costing used in _________.
11. Under which method of wage payment, wages are influenced by idle time?
12. Defectives ________.
13. Time and motion study is conducted by ________.
14. A cost unit is __________.
15. Cost classification can be done in ________.
16. Direct material is a _______.
17. In labour oriented manufacturing industry which method of overhead absorption is suitable?
18. The loss which arise in manufacturing activity on account of inherent nature of the product is __________.
19. Factory overhead is also known as ___________.
20. Time study is for ___________.
21. The allotment of whole item of cost to cost centre or cost units is called _____.
22. The purpose of financial accounting is to provide information for ________.
23. Labour productivity can NOT be measured by comparing ___________.
24. Idle capacity of a plant refers to the difference between _________.
25. The process of grouping of costs according to some common characteristics ____.

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