Lecturer Commerce Solved Past Paper MCQs Online Test No. 42

Factory overhead should be absorbed on the basis of:

Number of workers employed is used as a basis for the apportionment of:

Job costing is used in:

Most of the expenses are direct in :

Maximum possible productive capacity of a plant, when no operating time is lost, is its:

Contract price is not fixed in case of:

Salary of a foreman should be classified as a:

General overhead should be apportioned to various departments on the basis of:

Selling and distribution overheads are absorbed on the basis of:

Administration overheads are recovered as a percentage of:

Which of the following is a service department?

The allotment of whole items of cost to cost centres or cost units is called:

Packing cost is a:

What is the basis for distribution of indirect material cost to various departments?

The most suitable cost system where the products differ in type of materials used and work performed is:

Charging to a cost centre those overhead that result Solely from the existence of that cost centre is known as:

Bad debt is an example of:

The capacity which is based on the long term average of the sales expectancy level is known as:

In a job cost system, costs are accumulated:

In shoe manufacture, the most suitable cost system is:

Which of the following is a scientific and accurate method of absorption of factory overheads:

When the factory overhead control account has a closing debit balance, factory overhead was:

The least suitable basis for applying overhead is :

Warehouse expenses is an example of:

Director's remuneration and expenses form a part of: