BBA: Finance Courses

Chapter 5: MBA Cost Accounting Exam Tests

MBA Cost Accounting MCQs - Chapter 5

# Basics of Accounting Multiple Choice Questions (MCQ) PDF - 1

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## Basics of Accounting MCQ Quiz : Test 1

MCQ 1: The cost, which is related to specific cost object and economically traceable, will be classified as

A) direct cost
B) indirect cost
C) line cost
D) staff cost

MCQ 2: The material or anything for which cost is to be measured is known as

A) measurement object
B) cost object
C) accounting object
D) budget object

MCQ 3: The cost which is changed in proportion to level the total volume is

A) fixed cost
B) variable cost
C) total cost
D) infeasible cost

MCQ 4: The costs are classified as fixed or variable on the basis of

A) specific activity
B) given time period
C) common activity
D) both a and b

MCQ 5: The process of tracing the direct costs and allocation of indirect costs is known as

A) cost assignment
B) direct assignment
C) indirect assignment
D) economic assignment

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