Mumbai University IDOL Advance Cost Accounting M.Com Part 1
Advance Cost Accounting M.Com Part 1 Click Here https://www.surajpateleducation.com/2021/05/mcom-part-1-mcq-mumbai-university-mcom.html 1. Which of the following is not a feature of process costing A equivalent production B classification of costs into fixed and variable C duration of work in long D emergence of more than product ANS: 2 2. PV ratio = _ / sales A fixed cost B variable cost C total cost d D contribution ANS: 4 3. from the following informal calculated total km No of buses 6 Days operated in the month 25 Trips made by each bus 4 distance of route 20 km one way A 24000km B 26000km C 28000km D 32000km ANS: 1 4. cost audit is an audit of A expenditures B profit and loss C performance D efficiency ANS: 4 5. process method is suitable for A continuous or mass production industries B organizations rendering services alone C where the job is of long duration D production is as per customers specific requirements ANS: 4 6. the main purpose of _ is to predict the receipts and payments A cash budgets B zero based budget C functional budget D master budget ANS: 1 7. _ account is debited with the cost of finished goods transferred from finished goods control account and credited as well as with the amount of selling and distribution overhead recovered and credited to sale or costing profit and loss account A cost of sales B finished goods/stock ledger C general ledger adjustment account D factory overhead account ANS: 1 8. which from the options below is for a step from budgetary control A supervision B corrective actions C developing budgets D recoding actual performance ANS: 4 9 fixed overhead expenditure arises due to difference between actual fixed overhead incurred and _ fixed overhead A budgeted B standard C revised D future ANS: 1 10. period cost is A fixed cost B variable cost C factory cat D prime cost ANS: 1 11. standard hours X standard rate – actual hours x actual rate is the formula to calculate A labour rate variance B labour efficiency variance C labour cost variance D labour mix variance AS: 3 12. Standard cost is _ which is arrived at assuming a particular level of efficiency in utilisation of labour material and indirect service A very stormy technique do valuation B scientifically predetermined cost C general costing method D budgetary control ANS: 2 13. _ is also known as limiting factor A profit factors B revenue factor C investment factor D key factor ANS: 3 14. operating costing is ascertained by preparing A statement or cost sheet B profit and loss account C trial balance D balance sheet ANS: 2 15. it is necessary to first assess the influence of _ in order to prepare functional budget A accounting codes B internal line of authorities C follow up procedures D principal budget factors ANS: 2 16. the person coming audit is known as the A accountant B cost account C auditor D cost audit officer ANS: 3 17. _ ledger records the details of each job undertaken and cost incurred therein A work in progress B stores ledger C cost ledger D finished goods/stock ledger ANS: 1 18. cost auditor of the company is to be appointed by A boards of directors B shareholders C government D icma ANS: 1 19. the cost audit report must be submitted to A shareholders B board of directors C central government D state government ANS: 3 20. _ defines as a systematic and independent examination of date statements records operations and performance A accounting B bookkeeping C auditing D assessment ANS: 3 21. _ are drawn up to measure the success or failure of the activities in achieving the objectives of the organisation A cash budget B periodical statement of accounts C ledgers D balance sheet ANS: 2 22. cost control is A prevention of waste B control of waste C reduction of quality D improvement of quality ANS: 3 23. Purchases for social jobs is debited under none integrated system to A work in progress ledger control account B cost ledger control account C stores ledger control account D purchases account ANS: 1 24. PV ratio will increase if there is A increase in fixed cost B a decrease in variable cost per unit C decrease in fixed cost D increase in sales volume ANS: 2 25. composite unit is distinctive feature of A job costing B operations costing C batch costing D contract costing ANS: 2 If You Need Most Importance MCQ PDF Cost Accounting Question Bank Than Pay Rs 100 Only Contact 8652719712 / 8779537141 Telegram Group Mumbai Univeersity :- https://t.me/mumbaiuniversityidol Suraj Patel Education :- https://t.me/surajpateleducation F.Y.J.C EXAM :- https://t.me/FYJCexam S.Y.J.C EXAM :- https://t.me/SYJCexam F.Y EXAM :- https://t.me/fyexam S.Y EXAM :- https://t.me/syexam T.Y EXAM :- https://t.me/tyexam M.Com Part 1 EXAM :- https://t.me/McomPart1Exam M.Com Part 2 EXAM :- https://t.me/McomPart2Exam M.A EXAM :- https://t.me/mastudentsexam YouTube Channel https://www.youtube.com/channel/UCNxVWIrZ1JYB4y-bWXfaBAw Strategic Management https://www.mumbaiuniversityidol.com/2021/05/strategic-management-mcom-part-1-mcq-pdf.html https://www.mumbaiuniversityidol.com/2021/05/marketing-strategies-and-plans-mcom.html ECONOMICS OF GLOBAL TRADE AND FINANCE https://www.mumbaiuniversityidol.com/2021/05/mcom-part-1-economics-mcq-pdf-economics.html ADVANCED FINANCIAL ACCOUNTING https://www.mumbaiuniversityidol.com/2021/05/advanced-cost-accounting-mcom-part-1.html HUMAN RESOURCE MANAGEMENT https://www.surajpateleducation.com/2020/11/human-resource-management-mcom-part-1.html