Smartindia Classroom
CONTENTS
English I
Computer Application
Physics
Chemistry
Biology
Mathematics
History
Geography
Economics(optional)
Commercial Application
Civics
English II
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Question-1
Costs which can be easily identified or traced to specific products, cost units or cost centres are called
(A)
Untraceable Costs
(B)
Traceable Costs
(C)
Historical Costs
(D)
Implicit Costs
Question-2
_________ costs are those costs which cannot be avoided.
(A)
Avoidable Cost
(B)
Unavoidable Cost
(C)
Abnormal Cost
(D)
Fixed Cost
Question-3
The cost of human effort required for converting the material into the finished product is called
(A)
Indirect Material
(B)
Direct Material
(C)
Labour Cost
(D)
Direct Expenses
Question-4
________ costs are those costs which vary but not in direct proportion to changes in the volume of production.
(A)
Variable Cost
(B)
Fixed Cost
(C)
Semi fixed Cost
(D)
Direct Cost
Question-5
_________ costs are those costs which are ascertained after being incurred.
(A)
Traceable Cost
(B)
Historical Cost
(C)
Implicit Cost
(D)
Untraceable Cost
Question-6
_______ are those which cannot be identified easily, directly and wholly with a particular cost unit or cost centre.
(A)
Fixed Cost
(B)
Direct Cost
(C)
Indirect Cost
(D)
Direct Labour
Question-7
________ means the sacrifice, discomfort and pain involved in supplying the factors of production by their owners.
(A)
Money Cost
(B)
Implicit Cost
(C)
Real Cost
(D)
Book Cost
Question-8
________ are those materials which cannot be directly assigned to the specific product.
(A)
Direct Material
(B)
Indirect Material
(C)
Direct Labour
(D)
Indirect Expenses
Question-9
________ are those expenses which cannot be wholly and directly identified with a specific product or job.
(A)
Direct Expenses
(B)
Indirect Expenses
(C)
Indirect Labour
(D)
Indirect Material
Question-10
________ are those costs which do not require cash outlays or cash payments.
(A)
Out - of - pocket Cost
(B)
Money Cost
(C)
Book Cost
(D)
Implicit Cost
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Std 10
ICSE/ISC
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