Lecturer Commerce Solved Past Paper MCQs Online Test No. 40

Leave a Comment / By Hassan / February 7, 2022 February 7, 2022

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.

Note:-

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.
At the End of the Test you can see your Test score and Rating.
If you found any incorrect answer in Quiz. Simply click on the quiz title and comment below on that MCQ. So that I can update the incorrect answer on time.

Please Click Below START Button to Take this Commerce Test Online.

Test Instructions:-
Test Name	Lecturer Commerce
Subject	Commerce Test 40
Test Type	MCQs
Total Questions	25
Total Time	20 Minutes
Total Marks	100

You have 20 minutes to pass to the quiz.

Lecturer Commerce Online Test No. 40

1 / 25

Which of the following industries are not suitable for use of multiple costing?

Car manufacturing

Radio manufacture

Paper mill

Locomotive works

2 / 25

Which of the following is an effective technique of cost control?

Standard costing

Budgetary control

Marginal costing

Uniform costing

3 / 25

Job costing is used in:

Paper mills

Printing press

Chemical works

Textile mills

4 / 25

Which of the following is a technique of profit planning.

Standard costing and variance analysis

Marginal costing and cost volume profit analysis

Uniform costing

Multiple costing

5 / 25

An example of direct expense is:

Direct material cost

Direct labour cost

Both A & B

Hire of a special plant for a particular job

6 / 25

Toy manufacturing company should use:

Unit costing

Batch costing

Job costing

Multiple costing

7 / 25

Which of the following is not a relevant cost:

Replacement cost

Sunk cost

Marginal cost

All the above

8 / 25

When amount deposited in a bank is withdrawn for financing a project, the loss of interest on bank deposit will be referred to as:

Sunk cost

Pre- production cost

Opportunity cost

Replacement cost

9 / 25

In tyre manufacture, which method of costing should be used?

Unit costing

Batch costing

Job costing

Process costing

10 / 25

Which method of costing is best suited for interior decorator?

Job costing

Process costing

Contract costing

Operating costing

11 / 25

Direct material is a:

Fixed cost

Variable cost

Semi variable cost

All of the above

12 / 25

Batch costing is a variant of:

Job costing

Unit costing

Process costing

Multiple costing

13 / 25

Prime cost plus variable overhead is known as:

Production cost

Total cost

Marginal cost

Cost of sales

14 / 25

Research and development cost is a:

Pre- production cost

Opportunity cost

Sunk cost

Imputed cost

15 / 25

A cost which increases or decreases per unit when volume of output decreases or increases is:

Fixed cost

Direct cost

Variable cost

Indirect cost

16 / 25

Which method of costing is used in hospitals?

Job costing

Operating costing

Unit costing

No method is used

17 / 25

Which of the following is apart of both prime cost and conversation cost:

Direct material

Direct labour

Indirect material

Indirect labour

18 / 25

Which of the following is virtually always after production cost?

Research and development cost

Selling and distribution cost

Interest on capital

All of these

19 / 25

Indirect material cost is a part of:

Prime cost

Factory overhead

Chargeable expenses

None of these

20 / 25

Electricity generating company should employ:

Unit costing

Operation costing

Process costing

Operating costing

21 / 25

Coal used in a factory is an example of:

Direct material

Direct expense

Indirect material

Indirect expense

22 / 25

Contract costing is used in:

Ship building

Automobile industries

Aero plane industries

None of these

23 / 25

Costs which are ascertained after they have been incurred are known as:

Imputed costs

Historical costs

Sunk costs

Opportunity costs

24 / 25

When premises are owned, a charge in lieu of rent is:

Opportunity cost

Sunk cost

Imputed cost

Future cost

25 / 25

Output costing is employed in:

Mining quarries

Brick kilns

Steel production

All of these

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