cost accounting mcqs. cost accounting mcqs with answers
OBJECTIVE TYPE QUESTION OF COST ACCOUNTING FOR B.COM/ M.COM ENTRANCE / B.ED / NET /NAT ENRANCE
a )An item of cost that is direct for one business may be ________for another business.
ANSWER: Indirect
b) An opportunity cost is _______
ANSWER : the advantage foregone
c) Works cost is a total of _______
Direct material , direct labour , direct or chargeable expenses an works expenses
d) Depreciation is __________ expenditure
Answer : Semi-variable
e) Out of pocket costs involve payment to_____
Answer : outsiders
f) The total of all direct expenses is known as _______cost
Answer : prime