WebMar 19, 2024 · The objective of standard costing is to. (a) Determine profitability of a product. (b) Determine break-even production level. (c) Control costs. (d) Allocate costs with more accuracy. 2. A standard cost system may be used in. (a) job order costing, but not process costing. (b) process costing, but not job order costing. WebJul 9, 2015 · 1. Which of the following statements are true? a) In absorption costing, cost is divided into three major parts while in marginal costing cost is divided into two main parts. b) IN absorption costing period is important and in marginal costing product is important. c) Both a and b. d) None of the above. View Answer / Hide Answer. 2.
Costing mcq BCOM SEM V - COST Accounting - Studocu
WebStock of work in progress and finished goods are valued at marginal costing not include The valuation of stock, in marginal costing, as compared to absorption costing is ... » Each MCQ is open for further discussion on discussion page. » All the services offered by McqMate are free. Popular Courses. WebThe problems associated with marginal costing are Which of the following are advantages of marginal costing? Given production is 1,00,000 units, fixed costs is Rs 2,00,000 Selling price is Rs 10 per unit and variable cost is Rs 6 per unit. Determine profit using technique of marginal costing. josef chalupa
2. Accounting Marginal Costing MCQ PDF - Studocu
Weba) Average Cost b) Marginal Cost c) Standard Cost c) Differential Cost 23) Abnormal Loss is equal to a) Input - Actual Output b) Actual Output - Normal Output c) Normal Output - Actual Output d) Actual Output – input 24) In process costing, each producing department is a a) Cost Unit b) Cost Centre WebJan 22, 2024 · Standard Costing MCQS (Fill in the blanks): 1. Standard cost is a predetermined cost. 2. Material Cost Variance = Material Price Variance + Material Mix variance + Material yield variance. 3. The purpose of standard costing is to control cost and promote efficiency. 4. WebMarginal costing in concerned with; a) Fixed costs b) Variable cost c) Semi – fixed cost. A biscuit manufacturing concern employs; a) Departmental costing b) Batch costing c) Process costing. Aggregate of direct cost is known as ..... a) Direct material cost b) Direct labour cost c) Prime cost. Aggregate of prime cost and factory overhead is how to jump start my car