(A) Cost unit
(B) Cost centre
(C) Investment centre
(D) Sales centre
Tag: Accounting Mcqs
Management Accounting seeks to serve the purpose of management to run a business more efficiently and thus uses the techniques of :
(A) Financial Accounting ;
(B) Cost Accounting
(C) Mathematics and Statistics
(D) All of the above
Cost information facilitates many important decisions except:
(A) Introduction of a product
(B) Whether to make or buy
(C) Retention of profit
(D) Exploration of an additional market
A cost is:
(A) A sacrifice
(B) Release of something
(C) Measure of consumption of resources
(D) All of the above
Which of the following is not a function of Cost Accounting ?
(A) Cost ascertainment
(B) Planning and control
(C) Decision-making
(D) External reporting
Productivity means:
(A) The ability to produce
(B) All units produced
(C) Good units produced
(D) None of these
A segment of the business that generates both revenue and cost is called:
(A) Profit Center
(B) Cost Center
(C) Cost driver
(D) All of these
Process Cost is very much applicable in:
(A) Construction Industry
(B) Pharmaceutical Industry
(C) Air line company
(D) None of these