Sail E0 Webinar

MCQs

Total Questions : 79 | Page 8 of 8 pages
Question 71. If the conversion cost is $25000 and direct manufacturing labor cost is $17000, then the manufacturing overhead cost would be
  1.    $14,700
  2.    $68,000
  3.    $8,000
  4.    $42,000
 Discuss Question
Answer: Option C. -> $8,000
Answer: (c).$8,000
Question 72. The wages paid to workers of the factory are termed as
  1.    workers premium
  2.    overtime premium
  3.    factory premium
  4.    wage premium
 Discuss Question
Answer: Option B. -> overtime premium
Answer: (b).overtime premium
Question 73. In the income statement of merchandising costs, the period cost includes all costs which are not related to
  1.    cost of resale goods
  2.    cost of manufacturing goods
  3.    timed resale of goods
  4.    cost of purchased goods
 Discuss Question
Answer: Option D. -> cost of purchased goods
Answer: (d).cost of purchased goods
Question 74. An overtime is considered in cost accounting as
  1.    indirect costs
  2.    overhead costs
  3.    premium costs
  4.    both a and b
 Discuss Question
Answer: Option D. -> both a and b
Answer: (d).both a and b
Question 75. The cost, which is related to specific cost object and economically traceable, will be classified as
  1.    direct cost
  2.    indirect cost
  3.    line cost
  4.    staff cost
 Discuss Question
Answer: Option A. -> direct cost
Answer: (a).direct cost
Question 76. The material or anything for which cost is to be measured is known as
  1.    measurement object
  2.    cost object
  3.    accounting object
  4.    budget object
 Discuss Question
Answer: Option B. -> cost object
Answer: (b).cost object
Question 77. The process of tracing the direct costs and allocation of indirect costs is known as
  1.    cost assignment
  2.    direct assignment
  3.    indirect assignment
  4.    economic assignment
 Discuss Question
Answer: Option A. -> cost assignment
Answer: (a).cost assignment
Question 78. The cost which is changed in proportion to level the total volume is
  1.    fixed cost
  2.    variable cost
  3.    total cost
  4.    infeasible cost
 Discuss Question
Answer: Option B. -> variable cost
Answer: (b).variable cost
Question 79. The costs are classified as fixed or variable on the basis of
  1.    specific activity
  2.    given time period
  3.    common activity
  4.    both a and b
 Discuss Question
Answer: Option D. -> both a and b
Answer: (d).both a and b

Latest Videos
Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)
Direction Sense Test Part 1 Reasoning (Hindi)
Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE
Cube & Cuboid Part 1 Reasoning (Hindi)
Data Interpretation (DI) Basic Concept Reasoning (Hindi)
Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)
Sail E0 free webinar Webinars
Real Numbers Part 7 Class 10 Maths
Real Numbers Part 1 Class 10 Maths
Polynomials Part 1 Class 10 Maths

Latest Test Papers

Pie Chart - Test Paper 1 Data Interpretation Reasoning & DI
Tabulation - Test Paper 2 Data Interpretation Reasoning & DI
Test Paper 1 Direction Sense Test Reasoning & DI
ICA , RDIC,GFM Free Modal Test Paper - Non - Technical Branch Old Syllabus 2022 - SAIL Junior Officer E0
GFM Combined 1 Free Revision Test SAIL JO E-0