Accounting MCQs
Accounting MCQs Test Preparation | Latest 2021 Quiz FPSC, NTS, KPPSC, PPSC, SPSC, BPSC, OTS, UTS, PTS, CTS, ATS, ETEA MCQs Test Questions.
Overhead cost is the total of ____________.
A: all indirect costs.
B: all direct costs.
C: indirect and direct costs.
D: all specific costs
all indirect costs.
Warehouse rent is a part of _________?
A: prime cost.
B: factory cost.
C: distribution cost.
D: production cost
distribution cost.
Tender is an_____________?
A: estimation of profit.
B: estimation of cost.
C: estimation of selling price
D: estimation of units.
estimation of selling price
Audit fess is a part of__________.
A: works on cost.
B: selling overhea
C: distribution overhea
D: administration overhead
administration overhead
A worker has a time rate of 15/hr. He makes 720 units of component (standard time : 5 minutes/ unit) in a week of 48 hours. His total wages including Rowan bonus for the week is
A: 792
B: 820
C: 840
D: 864
864
One of the most important tools in cost planning is__________?
A: Direct cost
B: Cost Sheet
C: Budget
D: Marginal Costing.
Budget
A Ltd. Has sales of 2,200, total fixed cost of 570, variable cost of 1,540, raw material consumed of ` 1,100, number of units sold 22,000. What shall be the BEP 9 in units) if raw material price is reduced by 2%?
A: 18,387
B: 18,560
C: 18,750
D: 19,000
18,387
Find the cost of goods sold if goods are sold for 2,000 at 25% profit on cost?
A: 1,600
B: 1,500
C: 1,000
D: 1,800
1,500
The process of paying off debt over time in regular installment of interest & principal sufficient to repay the loan in fully by its maturity date.
A: Amortization
B: Loan Payment
C: Liability
D: Securitization
Amortization
Direct cost incurred can be identified with_______________?
A: Each Department
B: Each unit of output
C: Each Month
D: Each Executive
Each unit of output