Jr Accountant Cost Accounting online test, Accountant costing mock test

Joint Cost is suitable for-

Which of the following is considered as accounting record?

Which of the following is considered as normal loss of material?

Cost of idle time arising due to non availability of raw material is

Time and motion study is conducted by the

Time keeping refers to

Royalty paid on sales `89,000 and Software development charges related to product is
`22,000. Calculate Direct Expenses.

Direct Expenses does not meet the test of materiality can be ———— part of part of
overhead.

The allotment of whole items of cost of centres or cost unit is called

When the amount of under-or-over-absorption is significant, it should be disposed of by

Charging to a cost center those overheads that result solely for the existence of that
cost Center is known as

CAS 21 stands for

Standards deals with determination of averages/ equalized transportation cost

Standards deals with the principles and methods of determining depreciation and
amortization cost

Integral accounts eliminate the necessity of operating

Equivalent production of 1,000 units, 60% complete in all respects, is:

In a process 8000 units are introduced during a period. 5% of input is normal loss. Closing
work in progress 60% complete is 1000 units. 6600 completed units are transferred to
next process. Equivalent production for the period is:

Standard price of material per kg is `20, standard usage per unit of production is 5 kg.
Actual usage of production 100 units is 520 kgs, all of which was purchase at the rate of
` 22 per kg. Material cost variance is

Standard cost of material for a given quantity of output is `15,000 while the actual cost
of material used is `16,200. The material cost variance is:

The basic difference between a fixed budget and flexible budget is that a fixed
budget…….

Warehouse expense is an example of

Difference between standard cost and actual cost is called as

Which of the following is not a potential benefit of using a budget?

Which of the following is considered as normal loss of material?

At the Economic Ordering Quantity level, the following is true

The following is not treated as a manufacturing overhead:

In Reconciliations Statements Expenses shown only in cost accounts are:

Which of the following items is not included in preparation of Cost Sheet?

Marginal Costing technique follows the following basic of classification:

Most of the expenses are direct in: