Inter PN-8 Cost Accounting Quiz 9

Cost of a particular service under operating costing is ascertained by preparing:

Which of following methods can be used when the joint products are of unequal quantity and used for captive consumption:

Which of the following is an example of by-product:

Under net realisable value method of apportioning joint costs to joint products, the selling & distribution cost is:

The main purposes of accounting of joint products and by-products is to:

Method of apportioning joint costs on the basis of output of each joint product at the point of split-offs is known as:

In sugar manufacturing industry molasses is also produced along with sugar. Molasses may be of small value as compared with the value of sugar and is known as:

A process account is debited by abnormal gain, the value is determined as:

The value of abnormal loss is equal to :

In which of the following situations an abnormal gain in a process occurs:

Spoilage that occurs under inefficient operating conditions and is generally controllable is called                 .

The type of process loss that should not be allowed to affect the cost of good units is called:

Which of the statement is true?

Which of the following statements is true?

Which of the following documents are used in job costing to record the issue of direct materials to a job?

Economic batch quantity is that size of the batch of production where:

Batch costing is similar to that under job costing except with the difference that:

Batch costing is a type of:

Job Costing is:

In case product produced or jobs undertaken are of diverse system, the system of costing to be used should be:

In order to determine cost of the products or services, different business firms follow:

Cost plus contract is usually entered into those cases where                 .

Most of the expenses are direct in:

Cost Price is not fixed in case of:

The most suitable cost system where the products differ in type of material and work performed is: