Cost Accounting MCQs (Set-II) - For FPSC and All Other One Paper MCQs Tests
Cost Accounting MCQs (Set-II) - For FPSC and All Other One Paper MCQs Tests
Cost Accounting MCQs (Set-II) - For FPSC and All Other One Paper MCQs Tests
MCQs Tests
Which of the following cannot be used as a base for the determination of overhead
absorption rate?
(a) Number of units produced
(b) Prime cost
(c) Conversion cost
(d) Discount Allowed
Answer: d
Check Also: Cost Accounting MCQs (Set-I) | for FPSC and all other One Paper MCQs
Tests
While deducting Income Tax from the gross pay of the employee, the employer acts
as a (an) ________for Income Tax Department.
(a) Agent of his own Company
(b) Paid tax collection agent
(c) Unpaid tax collection agent
(d) None of the given options
Answer: b
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Auditor Tests
Answer: b
Where the applied FOH cost is greater than the actual FOH cost it is:
(a) Unfavorable variance
(b) Favorable variance
(c) Normal variance
(d) Budgeted variance
Answer: b
A company has calculated that volume variance for a given month was unfavorable.
This could have been caused by which of the following factors?
(a) The number of rejected units was higher than normal
(b) Machine breakdowns were higher than normal
(c) Delays were experienced in the issuing of material to production
(d) All of the given options
Answer: d
(a) Three
(b) Two
(c) Four
(d) Five
Answer: b
A cost unit is
(a) The cost per hour of operating a machine
(b) The cost per unit of electricity consumed
(c) A unit of product or services in relation to which costs are ascertained
(d) A measure of work output in a standard hour
Answer: d
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