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Question-1
These comprise indirect expenses incurred from the time the product is completed in the factory until it reached its point of sale. What kind of over head is it?
(A)
Factory over head
(B)
Office over head
(C)
Selling over head
(D)
Distribution over head
Question-2
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-3
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-4
Materials which can be identified with a particular product, job or process are known as___________
(A)
Material cost
(B)
Indirect material
(C)
Direct material
(D)
Particular product
Question-5
______ is simply a way of arriving at the cost of production
(A)
Trading Account
(B)
Profit and loss Account
(C)
Balance sheet
(D)
Cost sheet
Question-6
In order to determine the cost of material consumed, opening stock of raw materials is to be_____
(A)
Added
(B)
Subtracted
(C)
Multiplied
(D)
Divided
Question-7
________ over head is the cost incurred in for making policies, planning and controlling the functions and motivating the personnel of an organization towards attainment of its objectives.
(A)
Factory over heads
(B)
Administrative over heads
(C)
Selling over heads
(D)
Distribution over heads
Question-8
If percentage of profit is given on selling price then how will you calculate the amount of profit?
(A)
Cost of sales
(B)
Cost of sales
(C)
Cost of sales
(D)
cost of sales/100-rate
Question-9
Identify an example of the cost of indirect material
(A)
Dock charges
(B)
Consumable stores
(C)
Marine insurance
(D)
Import duty
Question-10
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
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Plus 2 Commerce
ICSE/ISC
Practice in Related Chapters
Partnership Accounts : Distribution of Profits
Goodwill - Concept and Mode its Valuation
Partnership Accounts : Admission of Partner
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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