Which of the following bases is not appropriate for apportionment of Transport department‘s cost ?

Related Mcqs:

1. 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

   Updated by: Mohammad Ejaz

2. The total cost incurred in the operation of a business undertaking other than the cost of manufacturing and production is known as________?

   A. Direct cost
   B. Variable cost
   C. Commercial cost
   D. Conversion cost

3. 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

4. Which of the following assets is/are to be valued at the lower of cost and net realizable value?

   A. Goodwill
   B. Inventories
   C. Investments
   D. Both B. and C. above.

5. In which of the following methods, the cost of the asset is spread over in equal proportion during its useful economic life?

   A. Straight-line method
   B. Written down value method
   C. Units-of-production method
   D. Sum-of-the years‘-digits method

6. Period cost include which of the following ?

   A. selling Expense
   B. Direct labor
   C. factory overhead
   D. selling Expenses & administrative expenses

   Submitted by: Maneesh kumar

7. Sundry debtors as per Trial Balance is 43,000 which includes 2,200 due from ‗H in respect of goods sent to him on approval basis, the cost price of which is 1,800. Rectification would involve:

   A. Adding 2,200 to closing stock
   B. Deducting 1,800 from closing stock and deducting 2,200 each from debtors and sales
   C. Adding 1,800 to closing stock and deducting 2,200 each from debtors and sales
   D. Deducting 1,800 from debtors

8. One of the most important tools in cost planning is__________?

   A. Direct cost
   B. Cost Sheet
   C. Budget
   D. Marginal Costing.

9. The cost of obsolete inventory acquired several years ago, to be considered in a keep vs. disposal decision is an example of :

   A. Uncontrollable cost
   B. Sunk cost
   C. Avoidable cost
   D. Opportunity cost

10. Overhead cost is the total of ____________.

    A. all indirect costs.
    B. all direct costs.
    C. indirect and direct costs.
    D. all specific costs

    Submitted by: ALIYA NAWAZ