Lecturer Commerce Most Important MCQs Online Test No. 53

Online Free Taleem is free online MCQ’s test related to Lecturer Commerce. All the individuals who are going to appear in PPSC, FPSC, KKPSC, SPSC, BPSC, AJ&KPSC, NTS, Lecturer Commerce written test can attempt these tests in order to prepare for it in best possible way. Our tests of Lecturer of Commerce include all the important questions and Past Paper of  Lecturer Commerce, that have extremely high amount of chances for been included in the actual exam which make our test undoubtedly the best source of preparation.


There will be 25 multiple choice question in the test.
Answer of the questions will change randomly each time you start this test.
Practice this test at least 5 times if you want to secure High Marks.
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Test Instructions:-
Test NameLecturer Commerce
SubjectCommerce Test 53
Test TypeMCQs
Total Questions25
Total Time20 Minutes
Total Marks100

You have 20 minutes to pass to the quiz.

Lecturer Commerce Online Test No. 53

1 / 25

A basic cost accounting method in which fixed factory overhead is added to inventory is:

2 / 25

When margin of safety is 20% and P/V ratio is 60%, the profit will be:

3 / 25

Operating income computed using direct costing would generally exceed operating income computed using absorption costing if:

4 / 25

What is the term that means that all manufacturing costs which contribute to the production of the product are traced to output and inventories?

5 / 25

Which variance cannot exist under direct costing?

6 / 25

When profit volume ratio is 40% and sales value Rs.10,000, the variable costs will be:

7 / 25

The costing method in which fixed factory overhead are added to inventory is:

8 / 25

The basic assumption made in direct costing with respect to fixed cost is that a fixed cost is:

9 / 25

A cost incurred in the past and hence irrelevant for current decision making is a:

10 / 25

Contribution margin is also known as:

11 / 25

Models in which there is more than one possible outcome are called:

12 / 25

When using direct costing information, the contribution margin discloses the excess of:

13 / 25

A method of project selection which considers the time value of money in a capital budgeting decision is accomplished by computing the:

14 / 25

The proponents of which costing method argue that production cannot take place with out incurring fixed factory overhead?

15 / 25

The contribution margin is also known as:

16 / 25

The term that is most descriptive of the type of cost accounting often called direct costing is:

17 / 25

Product costs under direct costing include.

18 / 25

Costs treated as product costs under direct costing are:

19 / 25

Which of the following is a more descriptive term for the type of cost accounting often called direct costing?

20 / 25

If risky cash flows are recast in terms of their certainly equivalent, they should be discounted at:

21 / 25

In considering a special order situation that will enable a company to make use of currently idle capacity which of the following costs would be irrelevant?

22 / 25

Period cost means:

23 / 25

The measurable value of an alternative use of resources is referred to as a (n):

24 / 25

The type of costs presented to management for elimination of a product line should be limited to:

25 / 25

When fixed cost is Rs.10,000 and P/V ratio is 50% the break-even point will be:

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