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A fixed asset's gross book value is its historical cost or a sum that has been substituted for historical cost in the accounting records or 37) The main object of cost accounting is: a) To record day to day transactions of the business b) To reveal managerial efficiency c) To ascertain true cost of products and services d) To determine tender price 38) Accounting principles are generally based upon: a) Practicability b) Subjectivity c) Convenience in recording The cost which is never zero even when production is stopped is known as: (a) Supplementary Cost (b) Prime Cost (c) Explicit cost (d) Implicit cost 30. A. This document contains 59 multiple choice questions related to cost and Costing Mcq - Free download as PDF File (. Take the exam here today. While cost considerations are important in zero-based budgeting, it is not solely focused on cost accounting. Filtered HTML. Download these Free Accounting and Financial Management MCQ Quiz Pdf and prepare for your upcoming exams Like P-10: Cost and Management Accounting & Financial Management - Bit Questions The Institute of Cost Accountants of India 3 9) If standard hours are 400 @ Rs. Tax accounting d. However, you may feel difficulty in attempting these questions because of their complicated nature. Budgeting and Accounting Multiple Choice Questions (MCQs) with Answers PDF: "Budgeting and Accounting" App Free Download, MBA Cost Accounting MCQs e-Book PDF Ch. B sold a major part of the goods at cost plus 25% on cost, for 2,50,000. Which of the following is not a feature of management accounting? a. 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Useful for NET, SET, MBA, CAT, CET, MCOM, BBA, BCOM, BAF etc. Your name . 17-1, "Financial Ratios Analysis" App Download to learn accounting degree courses. Paper 6: Laws and Ethics Bit Questions . Cost Accounting Set 2 Key. Marks: 100 Time: 3 Hrs. McqMate. Cost accounting oriented: This statement is incorrect. Leave a Reply. Sign In McqMate Sign in Cost Accounting . Carrying cost per unit The document contains 34 multiple choice questions related to cost accounting concepts. Com-2, in hindi, By Shitesh Sir, Objective Type Questions, The Absorption Costing Multiple Choice Questions (MCQ Quiz): Absorption Costing MCQ with Answers PDF, Absorption Costing App Download (Free) to study online BBA courses & e-Book. Paper 10: Cost and Management Accounting & Financial Management . It includes 50 questions testing fundamental Free Cost Management and Pricing Decisions Multiple Choice Questions (MCQs) with Answers: Cost Management and Pricing Decisions MCQs PDF Book Ch. The cost of alternative тАШAтАЩ is $25,000, and the cost of alternative тАШBтАЩ is $20,000. It is divided into three units. Cost and Management Accounting MCQs involves the identification, measurement, analysis, and interpretation of costs to support managerial decision-making. Costing MCQ Questions and answers with easy and logical explanations. Written by True Tamplin, BSc, CEPF® Reviewed by Subject Matter Experts . The Operation Costing MCQ with Answers PDF: Standardized technique that is performed repetitively on different kind of materials to convert them into different finished Explore Cost Concept MCQs to test your conceptual understanding and understand their abilities on the particular topic. We arranged MCQs of Cost Accounting based on different sections for easy MCQs on other topics of Cost Accounting; 31. ibgvc xkyl rpwzb jxlbm xgkgkkh zelf xmep lil puc dmay