Foundation PN-2 Accounts and Cost Quiz 6

Directors remuneration and expenses form a part of :

The works cost plus administration expenses :

Statement showing break-up of costs is known as :

Which of the following is a part of both Prime cost and conversion cost :

Indirect material cost is a part of :

Direct expenses are also known as :

The guidance and regulation by executive action of the cost of operating an undertaking is said to be :

Prime cost may be correctly termed as :

Which cost system description applies to the manufacture of 20 engraved doors for the new club house at a golf course?

Advertisements are treated as :

The following is included in financial accounts, but not in cost accounts :

Which of the following items is excluded from cost Accounts?

Prime cost plus factory overheads is known as :

In behavioral analysis’, costs are divided into :

Variable costs are fixed :

Over which of the following costs, management is likely to have least control :

Which method of costing is used for determination of costs for printing industry?

Costs are classified into fixed costs, variable costs and semi- variable costs, it is known as:

Opportunity cost is the best example of:

The main purpose of cost accounting is to:

Process cost is very much applicable in:

Which of the following is not a relevant cost?

The total cost incurred in the operation of a business undertaking other than the cost of manufacturing and production is known as:

Which of the following item(s) is (are) shown in the Income and Expenditure Account

Account will be