T.Y.B.COM

PSYCHOLOGY ORGANISATIONAL BEHAVIOUR T.Y.B.COM MCQ PDF

surajp47263 / June 7, 2021

PSYCHOLOGY ORGANISATIONAL BEHAVIOUR MCQ T.Y.B.COM ALL SUBJECT MCQ IN ONE LINK Click Here👈 1. ————– refers to the negotiation or an agreement between two groups a. Contracting b. Co-opting c. Pressure tactics d. None of these ANS: A 2. Which of the following methods is/are used to solve intergroup conflicts indirectly a. Avoidance b. Encouragement c. Bargaining d. All of these ANS: A 3. Which of the following is / are not direct method to solve intergroup conflicts a. Problem solving b. Domination by the management c. Removing key figures in conflict d. Persuasion ANS: D 4. A technique to bring changes in the entire organization, rather man focusing attention on individuals to bring changes easily. a. Organizational development b. Organizational change c. Organizational culture d. Organizational conflicts ANS: A 5. Which of the following is/are OD intervention techniques a. Sensitivity training b. MBO c. Quality of work life d. All the above ANS: D 6. Which of the following is NOT an important issue relating to goal-setting theory? a. Goal specificity b. Equity among workers c. Feedback d. Defining the goal ANS: B 7. Behaviour, power, and conflict are central areas of study for _____________. a. sociologist b. Anthropologists c. Social psychologists d. Operations analysts ANS: A 8. When a bank robber points a gun at a bank employee, his base of power is: a. Coercive b. Punitive c. Positional d. Authoritative ANS: A 9. The managers of a multinational company are located in France, India, Brazil, and the United States. Which decision-making technique seems most reasonable for this organization? a. A postal service interaction b. A brainstorming session c. A nominal discussion d. An electronic meeting ANS: D 10. What do we call it when we judge someone on the basis of our perception? a. Stereotyping b. Categorizing c. Halo effect d. Prototyping ANS: A 11. Sobha is an honest and straightforward person. She believes her employees are all similarly honest and straightforward, ignoring signs that they may be manipulating her. What perceptual shortcut is Sobha most likely using? a. Contrast effect b. Halo effect c. Stereotyping d. Projection ANS: D 12. Sathish has a low absenteeism rate. He takes responsibility for his health and has good health habits. He is likely to have a(an): a. Internal locus of control b. External locus of control c. Core locus of control d. High emotional stability level ANS: A 13. Raju believes that men perform better in oral presentations than women. What shortcut has been used in this case? a. The halo effect b. The contrast effect c. Projection d. Stereotyping ANS: D 14. Mr. Manoj, Manager ABC Company found that skills of workers and machinery used by them as compared to the competitors in the market are obsolete within a year, which type of challenge ABC Company is facing? a. High Quality and Low Quality b. Globalization and Culture c. Rapid Pace of Change d. Multiple Stakeholders ANS: C 15. According to Robert Katz, when managers have the mental ability to analyze and diagnose complex situations, they possess _____________ skills. a. Technical b. Leadership c. Problem-solving d. Conceptual ANS: D 16. What sort of goals does Management By Objectives (MBO) emphasize? a. Tangible, verifiable and measurable b. Achievable, controllable and profitable c. Challenging, emotional and constructive d. Hierarchical, attainable and effective ANS: A 17. Today’s managers understand that the success of any effort at improving quality and productivity must include _____. a. Quality management programs b. Customer service improvements c. Employee’s participation d. Manufacturing simplification ANS: C 18. Which of the following would be least likely to pose a barrier to cross-cultural communications? a. Tone difference b. Word connotations c. Political correctness d. Differences among perceptions ANS: C 19. Which of the following theory is proposed by Clayton Alderfer? a. Theory X and Theory Y b. Hierarchy of Needs c. ERG Theory d. Theory ANS: C 20. Concept of MBO was introduced by: a. Peter. F.Drucker b. Mary Parker c. Henry Fayol d. Philip Kotler ANS: A 21. Mr. Sunil’s one-day salary was deducted because of his uninformed leave, as he was already warned about this behaviour. It is an example of which method of shaping behaviours? a. Reinforcement b. Positive Reinforcement c. punishment d. Negative Reinforcement ANS: C 22. While managing political behaviours in organization, the manager requires discouraging: a. Negotiation b. Relationships c. Self interest d. Dialogue ANS: C 23. People with which type of personality trait commonly make poor decisions because they make them too fast? a. Type As b. Type Bs c. Self-monitors d. Extroverts ANS: A 24. Which of the following is an environmental force that shapes personality? a. Gender b. Height c. Experience d. Brain size ANS: C 25. Factors other than satisfaction that impact one’s decision to leave a current job include all of the following EXCEPT: a. Labour market conditions b. Length of tenure with the organization c. Organizational citizenship behavior d. Expectations about alternative job opportunities ANS: D If You Need Most Importance MCQ PDF PSYCHOLOGY ORGANISATIONAL BEHAVIOUR Question Bank Than Pay Rs 200 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/UCv8JIY58xfWHUIXVu9wxNHw One Most Important MCQ Website For All Course Mumbai University IDOL : Click Here 👈

Accounts, Cost Accounting, M.COM PART 1, M.COM PART 2, Question Bank, T.Y.B.COM

Mumbai University IDOl MCQ PDF | IDOL Cost Account MCQ With Answer

surajp47263 / May 27, 2021

Cost Account M.Com Part ( I & II ) and T.Y.B.Com Very Importance MCQ Q.1 A functional classification of costs would classify “depreciation on office equipment” as a A. Product cost B. Administrative expense C. Selling expense D. Variable cost ANS: D Q.2. A particular cost is classified as being semi-variable. What is the effect on the TOTAL COST if activity increases by 20%? A. Stays the same B. Decreases by less than 20% C. Increases by 20% D. Increases by less than 20% ANS: C Q.3 The functional classification of costs include the following except (a) Prime cost (b) Production cost (c) Administration cost (d) Marketing cost ANS: B Q.4. Process of ascertainment of costs is known as A. Costing B. Cost reporting C. Cost control D. None of the above ANS: A Q.5.. Cost information facilitates many important decisions except A. Introduction of a product B. Whether to make or buy C. Rate of dividend D. Exploration of an additional market ANS: A Q.6.An example of fixed cost is A. Materials consumed B. Depreciation C. Factory power D. Packing material ANS: B Q.7. Variable cost per unit A. Varies when output varies B. Remains constant C. Increases when output increases D. Decreasases when output decreases ANS: B Q.8. Which of the following is considered to be a normal loss of material? A. Loss due to accidents B. Pilferage C. Loss due to careless handling of material D. Loss due to breaking the bulk ANS: D Q.9.Bin card is maintained by the A. Accounts department B. Costing department C. Stores D. None of the above ANS: C Q.10 Which of the.following documents is used for issuing materials to production departments ? A. Purchase Requisition Note B. Stores requisition Note C. Goods Received Note D. Stores Credit Note ANS: A Q.11. Labour turnover is A. productivity of labour B. Efficiency of the labour C. change in labour force D. total cost of the labour ANS: C Q.12. Bonus under halsey plan is paid (a) At 50% of time saved (b) At 75% of time saved (c) At 80% of time saved (d) At 90% of time saved ANS: A Q.13. Merricks multiple piece rate system has (a) Two rates (b) Three rates (c) Four rates (d) Five rates ANS: B Q.14. bad debt is an exampleof (a) production overhead (b) administration overhead (c) selling overhead (d) Distributin overhead ANS: C Q.15. Packing cost is a (a) Production cost (b) Selling cost (c) Distribution cost (d) It may be any of the above ANS: C Q.16. A typical factory overhead cost is (a) Distribution (b) Internal audit (c) Compensation of plant manger (d) design ANS: C Q.17. Cost of production – administrstion overheads= (a) Prime cost (b) Cost of sales (c) Work cost (d) Work-in-progress ANS: A Q.18 Which of the following items is not included in preparation of a cost sheet (a) Carried inward (b) Purchase returns (c) Sales commission (d) Interest paid ANS: D Q.19 Total cost – selling and distrubtion overheads = (a) Cost of goods sold (b) Closing stock (c) Cost of prodution (d) Net profit ANS: D Q.20.What is prime cost (a) Total diret costs only (b) Total indiret costs only (c) Total non-production costs (d) Total production costs ANS: A Q.21. Salary of a foreman should be classified as a (a) Fixed overhead (b) Variable overhead (c) Semifixed or semi-varible overhead (d) none of above ANS: C Q.22. Overheads expenses can be classified according to (a) Function (b) Elements (c) Behavior (d) All of the above ANS: D Q.23. Overtime premium is paid (a) At normal rate (b) Below the normal rate (c) At 50% of the normal rate (d) At double normal rate ANS: D Q.24. For calculation of labour turnover under separation method (a) only the number of employees left from the organisation is considered (b) only the number of employees replaced are considered (c) only the number of employees retrenched are considered (d) only the number of employees who are new to the organisation is considered ANS: B Q.25. Perpetual inventory system involves a. Bin card and Stores ledger b. Bill of material and Material req c. Purchase requisition and purchase order d. Inward and Outward invoices ANS: A 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 M.Com Part 1 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

Accounts, Cost Accounting, Question Bank, T.Y.B.COM

Cost Account MCQ PDF | T.Y.B.com cost accounting mcq with answers pdf

surajp47263 / May 26, 2021

1. ……….set of account books are maintained under Non – Integrated system. a. One b. Two c. Three d. Four ANS: B 2. Idle time variance is always ………. a. Favourable b. Controllable c. Profitable d. Unfavourable ANS: A 3. Wages control A/c is debited by………. a. Direct wages only b. Indirect wages only c. Direct & Indirect wages d. Not Direct Nor Indirect wages ANS: A 4.Normal loss is ……….to process A/c. a. Credited b. Debited c. Nominal d. Ignored ANS: C 5.What cost should be represents is an ……….cost. a. Standard b. Change In Quantity c. Change In Wastage d. Actual ANS: A 6. Contribution margin is known as………. a. Marginal Income b. Gross Margin c. Net Income d. Net Profit ANS: D 7 Activity Based Costing is a………. a. Method of costing b. Method of allocation c. Technique of costing d. Absorption ANS: A 8. The transactions which influence the cost are………. a. Input b. Output c. Profit Centre d. Cost Drivers ANS: B 9. The difference between the Actual Quantity and the Standard Quantity , multiplied by Standard Price is the ——- a. Materials efficiency variance b. Materials Volume variance c. Materials price variance d. Materials usage variance ANS: D 10. Process cost is very much applicable in—– a. Construction Industry b. Pharmaceutical Industry c. Airline Industry d. Railway Industry ANS: B 11. An estimate of what cost should be is known as —— a. Actual cost b. Ideal cost c. Standard cost d. Forecast cost ANS: B 12. Sale of plant from site is ————- a. Credited to Contract Account b. Debited to Contract Account c. Debited to Insurance Claim Account d. Credited to Insurance Claim Account ANS: B 13. After adjustment of scrap value, balance on Abnormal Loss Account is transferred to—— a. Balance Sheet b. Costing Profit and Loss Account c. Process Account d. Contract Account ANS: B 14. In process costing , each producing department is a—– a. Cost unit b. Cost Centre c. Investment Centre d. Sales Centre ANS: D 15. A standard which is established for use unaltered for an indefinite period is called—- a. Current standard b. Ideal standard c. Basic standard d. Expected standard ANS: C 16. Cost of output is calculated at each process — a. Everyday b. Periodically c. Weekly d. Monthly ANS: A 17. The application of factory overheads usually would be recorded as an increase in—— a. Cost of goods sold b. Work – in – progress control c. Factory overheads control d. Finished goods control ANS: B 18. —– is the person for whom the contract job is undertaken a. Contractor b. Contractee c. Sub-contractor d. Job-worker ANS: B 19. Issue of material is credited to —— a. Stores ledger control account b. WIP Control Account c. Overheads Control Account d. Labour Control Account ANS: D 20. Fixed cost is equal to —– a. Break even sales x Margin of Safety b. Sales x Margin of Safety c. Sales x Profit Volume Ratio d. Profit Volume Ratio x Break even sales ANS: D 21. Providing the power required to run production equipment is an example of a —— a. Unit level activity b. Batch level activity c. Product level activity d. Organization sustaining activity ANS: A 22. The cost variance is controllable when it rises due to——- a. Controllable circumstances b. Non – controllable circumstances c. Managerial efficiency d. Workers efficiency ANS: C 23. The term Standard Hours allowed measures ——- a. Budgeted Output at Actual Hours b. Budgeted Output at Standard Hours c. Actual Output at Standard Hours d. Actual Output at Actual Hours ANS: C 24. Margin of Safety is referred to as—– a. Excess of sales over break – even sales b. Excess of sales over fixed cost c. Excess of sales over variable cost d. Excess of sales over budgeted sales ANS: A 25. Work certified is valued at———- a. Cost price b. Cost or Market price whichever is less c. Market price d. Estimated price ANS: A 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

Accounts, Cost Accounting, T.Y.B.COM, Videos

Marginal Cost Accounting Lecture | T.Y.B.Com and M.com Marginal Cost and Absorption Cost Lecture

surajp47263 / May 6, 2021

Illustration 1 1) From the following data, calculate Break-even Point ( B∈P) Selling Price Per Unit `40/- Variable Cost Per Unit `30/- Fixed overheads `40,000. If sales are 20% above B∈P , calculate the net profit. ANS: 1) P/V Ratio = Contribution X 100 Sales p/v ratio = 10 x 100 40 = 25% 2) B P ∈ (in `) = Fixed Overheads PV Ratio = 40000 25% = 160000 If sales are 20% above B∈P , calculate the net profit. BEP = 160000 + 32000 (20%) = 192000 If You Want This Illustration 1 Lecture Video Than Click Here 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 S.Y.B.COM Other Subject MCQ ADVERTISING S.Y.B.COM https://www.mumbaiuniversityidol.com/2021/04/sybcom-advertising-exam-mcq-pdf.html Foundation Course S.Y.Bcom MCQ https://www.mumbaiuniversityidol.com/2021/04/foundation-course-sybcom-mcq-sybcom.html Business Economics S.Y.B.Com Students MCQ https://www.mumbaiuniversityidol.com/2021/04/sybcom-business-economics-mcq-pdf.html Company Law MCQ PDF https://www.surajpateleducation.com/2020/12/company-law-mcq-pdf.html COMMERCE S.Y.B.COM MCQ PDF https://www.surajpateleducation.com/2020/12/commerce-sybcom-mcq-pdf.html Management Accounts S.Y.B.COM IMPORTANCES MCQ PDF https://www.surajpateleducation.com/2020/12/Management-Accounts%20-S.Y.B.COM-IMPORTANCES-MCQ-PDF.html

Export Marketing, Question Bank, T.Y.B.COM

T.Y.B.COM EXPORT MARKETING MCQ PDF

surajp47263 / May 3, 2021

T.Y.B.COM EXPORT MARKETING 1. Product is the primary function of the exporter. (a) Planning (b) Development (c) Marketing (d) Packaging ANS: A 2. provides information of the product and matters related to the product being exported. (a) Labelling (b) Marking (c) Packing (d) Positioning ANS: A 3. refers to symbols printed on export packages. (a) Marking (b) Packaging (c) Branding (d) Designing ANS: A 4. Formula : FOB Price = (a) FOB Cost ANS: Profit – DBK (b) All the expenses until goods loaded on ship ANS: Freight ANS: Profit –Incentive (c) All the costs until goods loaded on board the ship ANS: Freight ANS: Insurance – Incentive (d) FOB Expenses ANS: Customs @ port of destination – DBK ANS: A 5. Formula : C&F Price = (a) All expenses until goods loaded on board the ship ANS: Freight ANS: Profits – DBK (b) C&F Price ANS: Marine Insurance (c) CIF Price – Profits (d) C&F Costs ANS: Customs@ port of destination ANS: Profits ANS: A 6. Formula : CIF Price = (a) FOB Price ANS: Incentives (b) CIF Costs ANS: Profits – DBK (c) C&F Price – Marine Insurance (d) FOB Costs ANS: Customs @ port of destination ANS: Profits ANS: B 7. Export quotation is . (a) an offer made by importer to exporter in reply to exporter’s query (b) commercial invoice (c) an offer made by exporter to importer in reply to importer’s query (d) Importer’s Bill ANS: C 8. Under FOB quotation, which among the following is not a responsibility of the exporter ? (a) Expenses upto goods loaded on board the ship (b) Production Management (c) Customs at port of Shipment (d) Freight Expenses ANS: D 9. Under C&F quotation, which among the following is not a responsibility of the exporter ? (a) Expenses upto goods loaded on board the ship (b) Production Management (c) Payment of Marine Insurance (d) Payment of Freight expenses ANS: C 10. Under CIF quotation, which among the following is not a responsibility of the exporter? (a) Expenses upto goods loaded on board the ship (b) Marine Insurance (c) Customs at port of Destination (d) Freight Expenses ANS: C 11. gives an identity to the exporter and its brands sold in foreign markets. (a) Branding (b) Marking (c) Labelling (d) Packaging ANS: A 12. helps to distinguish the company’s brand among its competitors. (a) Brand name (b) Company name (c) Product marking (d) Product price ANS: A 13. Product price is not directly affected by . (a) Costs (b) Product nature (c) Competitor’s prices (d) Quota restrictions ANS: D 14. INCO terms refer to . (a) International Commercial Terms (b) In-trade Commercial Terms (c) Interim Compensation (d) International Company ANS: A 15. The main objective of export pricing is . (a) Maximizing the profits (b) Applying for Government incentives (c) Ease in documentation (d) Facilitates distribution ANS: A 16. Product mix is . (a) a specific category of product line (b) a range of companies’ offerings (c) a part of product depth (d) a restricted line of companies’ offerings ANS: B 17. among the following is not an element of branding. (a) Brand name (b) Logo (c) Brand colour (d) Country of origin mark ANS: D 18. Packaging helps in . (a) Protection against damages (b) Preservation of quality (c) Promotion of product (d) All of the above ANS: D 19. refers to creating a distinct image in the minds of the audience towards a specific brand. (a) Positioning (b) Promotion (c) Packaging (d) Product Labelling ANS: A 20. Product promotion in export business is mainly done through . (a) Advertising (b) Publicity (c) Salesmanship (d) Participation in trade-fairs and exhibitions ANS: D 21. EU requires labelling requirement in language/s. (a) one (b) two (c) three (d) four ANS: D 22. EU needs packaging requirements. (a) Eco-friendly (b) Thermoformed (c) Laminated (d) Corrugated ANS: A 23. is a longer channel of distribution in export business. (a) Direct channel (b) Indirect channel (c) Latitudinal channel (d) Longitudinal channel ANS: B 24. helps to distribute export goods only through government agencies. (a) Co-operatives (b) Canalizing Agencies (c) Customs Officials (d) Consortiums ANS: B 25. distribution channel reduces per unit cost of the product in export business. (a) Direct (b) Indirect (c) Variance distribution (d) Binomial distribution ANS: A 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

Accounts, Cost Accounting, Question Bank, T.Y.B.COM

Mumbai University T.Y.B. Com Cost Accounting MCQ PDF / T.Y.B. Com Cost Accounting MCQ

surajp47263 / April 30, 2021

T.Y.B.COM Other Subject MCQ Financial Accounting https://www.surajpateleducation.com/2021/03/tybcom-financial-accounting-mcq-with.html Marketing Research https://www.surajpateleducation.com/2021/01/marketing-research-tybcom-mcq-pdf.html Human resource management https://www.surajpateleducation.com/2020/12/human-resource-management-tybcom-mcq.html Cost Accounting https://www.surajpateleducation.com/2020/12/cost-accounting-tybcom-mcq-pdf.html Business Economics https://www.surajpateleducation.com/2020/12/business-economics-tybcom-mcq-pdf.html commerce https://www.surajpateleducation.com/2020/12/commerce-questions-and-answers-mcq-pdf.html 1. According to ICMA London, _______costing is “that form of specific order costing, which applies where work is undertaken to customers’ special requirements.” a. Job b. Batch c. Process d. Standard ANS: A 2. A method of costing applied where costs are collected and accumulated for each work order a. Process costing b. Contract costing c. Operating costing d. Job costing ANS: D 3. Which of the following statements is not true about job costing? a. Production always against customers’ orders b. Cost of each job ascertained separately c. Job is of equal or longer duration compared to contracts d. Job work is labour intensive ANS: C 4. Which is a method of specific order costing? a. Job costing b. Process costing c. Output costing d. Service costing ANS: A 5. The process of ascertaining cost after incurring expenses is called a. Marginal costing b. Historical costing c. Absorption costing d. Standard costing ANS: B 6. Which technique of costing uses analysis of variances is a popular method for cost control? a. Absorption costing b. Marginal costing c. Uniform costing d. Standard costing ANS: D 7. _____ is the practice of charging all direct costs to operations, processes or products and writing off all indirect costs to Profit and Loss account. a. Direct costing b. Absorption costing c. Marginal costing d. Historical costing ANS: A 8. The processes of charging both fixed and variable to operations, processes or products is called _____ a. Marginal costing b. Historical costing c. Absorption costing d. Standard costing ANS: C 9. Which technique of costing differentiates between fixed and variable cost to analyse effect of changes in volume or type of output on profit? a. Marginal costing b. Historical costing c. Absorption costing d. Standard costing ANS: A 10. For recording the cost of each job, a job _____ is prepared. a. Profit & loss a/c b. Cost sheet c. Reconciliation statement d. None of the above ANS: B 11. What should be the price chargeable to a job if total cost incurred is Rs. 4830 and profit is 25% on sales? a. 1610 b. 1208 c. 1200 d. 1630 ANS: A 12. A factory uses job costing. Given details obtained from its books: Direct materials Rs.90000, Direct wages – Rs.75000, Selling OH – Rs.52500, Administration OH – Rs.42000, Factory OH – Rs.45000 & Profit – Rs. 60900. Calculate cost of production. a. Rs. 2,17,500 b. Rs. 2,07,000 c. Rs. 2,52,000 d. Rs. 2,10,000 ANS: C 13. The method of costing applied in special ship building is a. Batch costing b. Job costing c. Process costing d. None of the above ANS: B 14. Job costing is a. Method of costing b. Technique of costing c. Cost control technique d. Cost estimation ANS: A 15. Which of the following considers an ‘economic quantity’ for the purpose of cost reduction? a. Job costing b. Process costing c. Batch costing d. Contract costing ANS: C 16. The method of costing applied in cycle part manufacturing is a. Batch costing b. Job costing c. Process costing d. None of the above ANS: A 17. The method of costing applied in a lathe is a. Batch costing b. Job costing c. Process costing d. None of the above ANS: B 18. Production order with respect to a job is issued by _______ department. a. Production b. Production Planning c. Purchase d. Sales ANS: B 19. Scope of specific order costing is very wide and includes a. Job, Batch and contract costing b. Process , Contract and unit costing c. Batch , Job and process costing d. Unit , service and transport costing ANS: A 20. Economic batch quantity is used in batch costing to a. Meet specific customer requirements b. Produce at the least possible cost c. In order to ensure stock in anticipation of demand d. None of these ANS: B 21. For identification, each job or work order received from a customer is allotted a a. Production order b. Batch number c. Job number d. Code number ANS: C 22. The method of costing used to ascertain the cost of customer specific jobs is a. Job costing b. Batch costing c. Contract costing d. Process costing ANS: A 23. On completion of a job, a job completion report is sent to a. Cost accounting department b. Storekeeper c. Customer d. Production department ANS: A 24. ______ is the authorization to start work on a job. a. Production order b. Requisition sheet c. Invoice d. Job cost sheet ANS: A 25. In job costing, the basic document to accumulate and ascertain the cost of each order is a. Purchase order b. Requisition sheet c. Invoice d. Job cost sheet ANS: 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

Cost Accounting, Question Bank, T.Y.B.COM

Cost Accounting T.Y.B.Com MCQ PDF , MUMBAI UNIVERSITY T.Y.B.COM COST ACCOUNTING MCQ

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T.Y.B. Com Cost Accounting 1. According to ICMA London, _______costing is “that form of specific order costing, which applies where work is undertaken to customers’ special requirements.” a. Job b. Batch c. Process d. Standard ANS: A 2. A method of costing applied where costs are collected and accumulated for each work order a. Process costing b. Contract costing c. Operating costing d. Job costing ANS: D 3. Which of the following statements is not true about job costing? a. Production always against customers’ orders b. Cost of each job ascertained separately c. Job is of equal or longer duration compared to contracts d. Job work is labour intensive ANS: C 4. Which is a method of specific order costing? a. Job costing b. Process costing c. Output costing d. Service costing ANS: A 5. The process of ascertaining cost after incurring expenses is called a. Marginal costing b. Historical costing c. Absorption costing d. Standard costing ANS: B 6. Which technique of costing uses analysis of variances is a popular method for cost control? a. Absorption costing b. Marginal costing c. Uniform costing d. Standard costing ANS: D 7. _____ is the practice of charging all direct costs to operations, processes or products and writing off all indirect costs to Profit and Loss account. a. Direct costing b. Absorption costing c. Marginal costing d. Historical costing ANS: A 8. The processes of charging both fixed and variable to operations, processes or products is called _____ a. Marginal costing b. Historical costing c. Absorption costing d. Standard costing ANS: C 9. Which technique of costing differentiates between fixed and variable cost to analyse effect of changes in volume or type of output on profit? a. Marginal costing b. Historical costing c. Absorption costing d. Standard costing ANS: A 10. For recording the cost of each job, a job _____ is prepared. a. Profit & loss a/c b. Cost sheet c. Reconciliation statement d. None of the above ANS: B 11. What should be the price chargeable to a job if total cost incurred is Rs. 4830 and profit is 25% on sales? a. 1610 b. 1208 c. 1200 d. 1630 ANS: A 12. A factory uses job costing. Given details obtained from its books: Direct materials Rs.90000, Direct wages – Rs.75000, Selling OH – Rs.52500, Administration OH – Rs.42000, Factory OH – Rs.45000 & Profit – Rs. 60900. Calculate cost of production. a. Rs. 2,17,500 b. Rs. 2,07,000 c. Rs. 2,52,000 d. Rs. 2,10,000 ANS: C 13. The method of costing applied in special ship building is a. Batch costing b. Job costing c. Process costing d. None of the above ANS: B 14. Job costing is a. Method of costing b. Technique of costing c. Cost control technique d. Cost estimation ANS: A 15. Which of the following considers an ‘economic quantity’ for the purpose of cost reduction? a. Job costing b. Process costing c. Batch costing d. Contract costing ANS: C 16. The method of costing applied in cycle part manufacturing is a. Batch costing b. Job costing c. Process costing d. None of the above ANS: A 17. The method of costing applied in a lathe is a. Batch costing b. Job costing c. Process costing d. None of the above ANS: B 18. Production order with respect to a job is issued by _______ department. a. Production b. Production Planning c. Purchase d. Sales ANS: B 19. Scope of specific order costing is very wide and includes a. Job, Batch and contract costing b. Process , Contract and unit costing c. Batch , Job and process costing d. Unit , service and transport costing ANS: A 20. Economic batch quantity is used in batch costing to a. Meet specific customer requirements b. Produce at the least possible cost c. In order to ensure stock in anticipation of demand d. None of these ANS: B 21. For identification, each job or work order received from a customer is allotted a a. Production order b. Batch number c. Job number d. Code number ANS: C 22. The method of costing used to ascertain the cost of customer specific jobs is a. Job costing b. Batch costing c. Contract costing d. Process costing ANS: A 23. On completion of a job, a job completion report is sent to a. Cost accounting department b. Storekeeper c. Customer d. Production department ANS: A 24. ______ is the authorization to start work on a job. a. Production order b. Requisition sheet c. Invoice d. Job cost sheet ANS: A 25. In job costing, the basic document to accumulate and ascertain the cost of each order is a. Purchase order b. Requisition sheet c. Invoice d. 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