Building Block Concepts of Costing Systems Quiz PDF: Questions and Answers - 203

MCQ 1011: The situation in which the cost object has any job, customer or product is known as

1. cost application base
2. sale application base
3. price application base
4. direct application base

MCQ 1012: In a relevant range, the variable cost per unit, selling price and total fixed costs are

1. unknown and variable
2. known and variable
3. unknown and constant
4. known and constant

MCQ 1013: For the companies in service sector, the cost which is not considerable is

1. Inventoriable costs
2. finished costs
3. factory overhead costs
4. manufacturing overhead costs

MCQ 1014: If the total units of product A, B and C are as 200,300 and 400 respectively then the sales mix would be

1. 100 units
2. 900 units
3. 400 units
4. 500 units

MCQ 1015: In accounting, the cost incurred in past or in historical financial statements is classified as

1. actual cost
2. budgeted cost
3. past cost
4. incurred cost