Lecturer Commerce Solved Past Paper MCQs Online Test No. 42

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:

Job costing is used in:

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

Factory overhead should be absorbed on the basis of:

Most of the expenses are direct in :

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

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

Selling and distribution overheads are absorbed on the basis of:

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

Contract price is not fixed in case of:

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

The least suitable basis for applying overhead is :

Which of the following is a service department?

Salary of a foreman should be classified as a:

Bad debt is an example of:

In a job cost system, costs are accumulated:

Warehouse expenses is an example of:

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

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

In shoe manufacture, the most suitable cost system is:

Packing cost is a:

Director's remuneration and expenses form a part of:

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

Administration overheads are recovered as a percentage of: