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Question-1
Factory overhead are also known as____
(A)
Office overheads
(B)
Selling overheads
(C)
Manufacturing overheads
(D)
Distribution over heads
Question-2
On common expenses such as fines and penalties are related to which cost or expenses.
(A)
Prime cost
(B)
Factory cost
(C)
Total cost
(D)
Non cost expenses
Question-3
Labour which takes an active and direct part in the production of a particular commodity is called__________
(A)
Indirect expenses
(B)
Indirect labour
(C)
Direct expenses
(D)
Direct labour
Question-4
By adding the amount of profit to cost of sales , we can find________
(A)
Fixed price
(B)
Fluctuating price
(C)
Selling price
(D)
Buying price
Question-5
If office or administrative over head are added to factory cost. What cost will arrive?
(A)
Total cost
(B)
Cost of production
(C)
Factory cost
(D)
Over heads
Question-6
Abnormal loss of material should be _________ from the material.
(A)
Added
(B)
Deducted
(C)
Multiplied
(D)
Divided
Question-7
Which one of the following is the loss due abnormal loss
(A)
Subsidy received
(B)
Sabotage
(C)
Rent received
(D)
Interest received on investment
Question-8
Expenses incurred for the demonstration of the working of the articles is an example of ________ over heads
(A)
Factory
(B)
Office
(C)
Selling
(D)
Distribution
Question-9
Cost sheet shows detail of _______ in total as well as per unit over a specified period
(A)
Selling information
(B)
Cost information
(C)
Distribution information
(D)
Purchase information
Question-10
The cost of direct material is known as ___________
(A)
Direct material cost
(B)
Selling material cost
(C)
Indirect material cost
(D)
Labour cost
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Plus 2 Commerce
ICSE/ISC
Practice in Related Chapters
Partnership Accounts : Distribution of Profits
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Capital Adjustment of Change of Profit Sharing Ratio
Admission of a Partner
Final Accounts of Companies
Joint Stock Company Accounts: Issue of Debentures
Cost Accounting An Introduction
Joint Venture Account
Sectional Balancing and Self Balancing System
Ratio Analysis
Cost Accounting Inventory Valuation
Cash Flow Statement
Cost Accounting Cost Sheet
Cash Flow Statement
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