(A) Factory Rent
(B) Property Tax
(C) Salaries of Factory Clerk
(D) All of the given
Tag: Cost accounting Mcqs
The danger Level can be calculated?
(A) Average consumption x Lead time to get urgent supplies
(B) Normal consumption x Lead time to get urgent supplies
(C) Maximum consumption x Lead time to get urgent supplies
(D) Minimum consumption x Lead time to get urgent supplies
Under/Over applied FOH cost can be adjusted in which of the following:
(A) Entire Production
(B) Cost of Goods Sold
(C) Net Profit
(D) All of given options
All Indirect cost is charged/record in the head of?
(A) Prime cost
(B) FOH cost
(C) Direct labor cost
(D) None of the given options
Store incharge after receiving the material as per the goods received note, places the material at its location and makes an entry in___?
(A) Bin Card
(B) Store Ledger Card
(C) Stock Ledger
(D) None of the given options
A standard rate is paid to the employee when he completed his job:
(A) In time less than the standard
(B) In standard time
(C) In time more than standard
(D) Both in standard time and more than the standard time
Weighted average cost per unit is calculated by which of the following formula?
(A) Cost of goods issued/number of units issued
(B) Total Cost/Total Units
(C) Cost of goods manufactured/closing units
(D) Cost of goods sold/total units
When FOH is under applied and charged to Net Profit , the treatment would be:
(A) Under applied Add net profit
(B) Under applied Less net profit
(C) Under applied Less operating expense
(D) None of the given options