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
The cost of replacing an asset at current market value is known as
(A)
Expired Cost
(B)
Marginal Cost
(C)
Replacement Cost
(D)
Differential Cost
Question-2
________ costs are those costs which can be influenced and regulated by the person or level of management which is managing the cost centre.
(A)
Variable Costs
(B)
Controllable Costs
(C)
Uncontrollable Costs
(D)
Fixed Costs
Question-3
_________ are the contractual money payments actually made to the owners of various factors of production.
(A)
Traceable Cost
(B)
Implicit Cost
(C)
Explicit Cost
(D)
Predetermined Cost
Question-4
Costs which cannot be easily identified or traced to specific products, cost units or cost centres are called
(A)
Traceable Costs
(B)
Implicit Costs
(C)
Untraceable Costs
(D)
Historical Costs
Question-5
________ are those costs which are associated with the period for which they are incurred.
(A)
Product Costs
(B)
Period Costs
(C)
Normal Costs
(D)
Sunk Costs
Question-6
________ is the cost which is not normally incurred at a given level of output in the condition in which that level of output is normally attained.
(A)
Avoidable Cost
(B)
Normal Cost
(C)
Abnormal Cost
(D)
Variable Cost
Question-7
The costs which the society has to bear on account of production of a commodity are called
(A)
Private Costs
(B)
Social Costs
(C)
Money Costs
(D)
Real Costs
Question-8
A ________ means a work unit , a location , a person or a group of these for which costs may be ascertained and used for the purpose of cost control.
(A)
Cost Sheet
(B)
Cost Centre
(C)
Cost Unit
(D)
Overheads
Question-9
________ is the cost which is normally incurred at a given level of output.
(A)
Avoidable Cost
(B)
Normal Cost
(C)
Product Cost
(D)
Abnormal Cost
Question-10
The material which can be easily measured and directly charged to the product are called
(A)
Indirect Material
(B)
Direct Labour
(C)
Direct Material
(D)
Indirect Expenses
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Std 10
ICSE/ISC
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