McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Business Administration (BBA) , Uncategorized topics .
| 101. |
In time wage system, wages are paid according to the………………. |
| A. | production |
| B. | time |
| C. | both a & b |
| D. | none of these |
| Answer» B. time | |
| 102. |
Under piece rate system of wage payment, payment is made according to the………………… |
| A. | quantity of work done |
| B. | time |
| C. | both a&b |
| D. | none of these |
| Answer» A. quantity of work done | |
| 103. |
For a work order, standard time and time taken are 20 hours and 15 hours respectively. Time rate being Rs. 2 per hour, total wages payable under Rowan Premium Plan will be………………. |
| A. | 40 |
| B. | 37.50 |
| C. | 35 |
| D. | none of these |
| Answer» B. 37.50 | |
| 104. |
Taylors differential piece rate system provides for higher rate to …….workers. |
| A. | inefficient |
| B. | efficient |
| C. | both a & b |
| D. | lazy |
| Answer» B. efficient | |
| 105. |
…………………..is most suitable when quality of work is of prime importance. |
| A. | piece rate system |
| B. | time wage system |
| C. | both a & b |
| D. | none of these |
| Answer» B. time wage system | |
| 106. |
Given sales = 150000, Fixed costs = 30000, Profit = 40000.The variable cost is |
| A. | 110000 |
| B. | 80000 |
| C. | 120000 |
| D. | 10000 |
| Answer» B. 80000 | |
| 107. |
Under Merrick’s multiple piece rate system, 110% of the ordinary piece rate is given to workers whose level of performance is between……. of the standard output. |
| A. | 83% and 100% |
| B. | 100% and 120% |
| C. | 0% and 83% |
| D. | none of these |
| Answer» A. 83% and 100% | |
| 108. |
Under Merrick’s multiple piece rate system, 120% of the ordinary piece rate is given to workers whose level of performance is between…........................of the standard output. |
| A. | 83% and 100% |
| B. | 100% and 120% |
| C. | 0% and 83% |
| D. | none of these |
| Answer» B. 100% and 120% | |
| 109. |
Under Merrick’s multiple piece rate system, ordinary piece rate is given to workers whose level of performance is between…........................of the standard output. |
| A. | 0% and 100% |
| B. | 0% and 120% |
| C. | 0% and 83% |
| D. | none of these |
| Answer» C. 0% and 83% | |
| 110. |
In............................................, two piece rates are set for each job. |
| A. | merrick’s multiple piece rate system |
| B. | rowan’s premium plan |
| C. | taylor’s differential piece rate system |
| D. | none of these |
| Answer» C. taylor’s differential piece rate system | |
| 111. |
Basis of apportionment of stores service expenses is ……………….. |
| A. | value of materials consumed |
| B. | units of material consumed |
| C. | products produced |
| D. | none of these |
| Answer» A. value of materials consumed | |
| 112. |
Basis of apportionment of welfare department expenses is………….. |
| A. | wages of each department |
| B. | number of employees |
| C. | materials consumed |
| D. | number of machineries |
| Answer» B. number of employees | |
| 113. |
Basis of apportionment of crèche expenses is …………….. |
| A. | number of employees |
| B. | number of female employees |
| C. | number of male employees |
| D. | both b&c |
| Answer» B. number of female employees | |
| 114. |
Under step method of re-apportionment of costs of service departments, the cost of last service department is apportioned only to the ………….. |
| A. | production departments |
| B. | service departments |
| C. | both a & b |
| D. | none of these |
| Answer» A. production departments | |
| 115. |
Machine hour rate is obtained by dividing the total running expenses of a machine during a particular period by the………… |
| A. | number of hours |
| B. | number of products produced |
| C. | number of workers |
| D. | wages |
| Answer» A. number of hours | |
| 116. |
is the amount by which the absorbed overheads fall short of the actual amount of overheads incurred. |
| A. | over absorption of overheads |
| B. | under absorption of overheads |
| C. | overheads absorption |
| D. | none of these. |
| Answer» B. under absorption of overheads | |
| 117. |
is the excess of overheads absorbed over the actual amount of overheads incurred. |
| A. | over absorption of overheads |
| B. | under absorption of overheads |
| C. | overheads absorption |
| D. | none of these. |
| Answer» A. over absorption of overheads | |
| 118. |
When …………………….is used on the basis of budgeted overheads and the rate is applied to the actual base, the actual overhead expenses may be different from the charged overheads. |
| A. | a predetermined rate |
| B. | actual rate method of absorption |
| C. | both a & b |
| D. | none of these |
| Answer» A. a predetermined rate | |
| 119. |
Expenses incurred during production other than direct materials and direct labour are called…………..factory expenses; those charged to production on estimated basis are called ……………. |
| A. | actual, applied |
| B. | applied, actual |
| C. | indirect, direct |
| D. | none of these |
| Answer» A. actual, applied | |
| 120. |
The per unit expense of the ……………portion factory overhead varies with the volume of production while…..........................portion remains the same with volume. |
| A. | fixed, variable |
| B. | variable, fixed |
| C. | variable, semi-variable |
| D. | none of these |
| Answer» A. fixed, variable | |
| 121. |
….expenses are excluded from cost. |
| A. | normal |
| B. | abnormal |
| C. | both a & b |
| D. | none of these |
| Answer» B. abnormal | |
| 122. |
Such expenses which are included (even though they are not incurred) for taking managerial decisions are called……………… |
| A. | notional expenses |
| B. | actual expenses |
| C. | imputed |
| D. | none of these |
| Answer» A. notional expenses | |
| 123. |
………expenses are partly fixed and partly variable. |
| A. | all expenses |
| B. | variable |
| C. | fixed |
| D. | semi-variable |
| Answer» D. semi-variable | |
| 124. |
Unsuccessful research expenditure should be ......................... cost accounts. |
| A. | excluded from |
| B. | included in |
| C. | apportioned in |
| D. | none of these |
| Answer» A. excluded from | |
| 125. |
Salary paid to general manager is an item of………………expenses. |
| A. | fixed |
| B. | variable |
| C. | semi-variable |
| D. | estimated |
| Answer» A. fixed | |
| 126. |
Fancy packing is an example of .................. expenses. |
| A. | selling |
| B. | distribution |
| C. | administration |
| D. | factory |
| Answer» A. selling | |
| 127. |
Telephone expense is ......................expense. |
| A. | variable |
| B. | semi-variable |
| C. | fixed |
| D. | none of these |
| Answer» B. semi-variable | |
| 128. |
Primary packing is an item of ……………… |
| A. | selling overheads |
| B. | prime cost |
| C. | distribution overheads |
| D. | factory overheads |
| Answer» B. prime cost | |
| 129. |
The Profit/Volume ratio or marginal ratio expresses the relation of ……………… |
| A. | profit |
| B. | marginal cost |
| C. | contribution |
| D. | none of these |
| Answer» C. contribution | |
| 130. |
Which of the following measures helps to increase the P/V Ratio ? |
| A. | increasing the selling price per unit |
| B. | reducing the variable or marginal cost |
| C. | changing the sales mixture |
| D. | all of these |
| Answer» D. all of these | |
| 131. |
Credit and collection cost is an item of |
| A. | selling overhead |
| B. | office overhead |
| C. | prime cost |
| D. | administrative overhead |
| Answer» A. selling overhead | |
| 132. |
Warehousing cost is an item of |
| A. | office overhead |
| B. | distribution overhead |
| C. | material cost |
| D. | works overhead |
| Answer» B. distribution overhead | |
| 133. |
In................................ each job is a cost unit to which all costs are assigned. |
| A. | batch costing |
| B. | job costing |
| C. | process costing |
| D. | operation costing |
| Answer» B. job costing | |
| 134. |
Material Costs of each job are determined from…………… |
| A. | material requisition notes |
| B. | bill of materials |
| C. | both a & b |
| D. | none of these |
| Answer» C. both a & b | |
| 135. |
Printers use ......................... costing. |
| A. | process |
| B. | batch |
| C. | job |
| D. | contract |
| Answer» C. job | |
| 136. |
Each job has a ..................... prepared for it that bears the job number and which is used to collect all cost data relating to job. |
| A. | job time sheet |
| B. | job cost card |
| C. | job ticket |
| D. | job account |
| Answer» B. job cost card | |
| 137. |
An automobile service unit uses..........................costing. |
| A. | specific order |
| B. | batch |
| C. | job |
| D. | contract |
| Answer» C. job | |
| 138. |
Economic Batch Quantity is an important point to be determined in industries where...................... costing is employed. |
| A. | job |
| B. | batch |
| C. | operation |
| D. | output |
| Answer» B. batch | |
| 139. |
Economic Batch Quantity depends on...........................and…………..costs. |
| A. | material, labour |
| B. | set-up costs, carrying |
| C. | transportation, carrying |
| D. | warehousing, labour |
| Answer» B. set-up costs, carrying | |
| 140. |
The .....................costing is applied when a quantity of similar and identical products are manufactured together as one Job. |
| A. | job |
| B. | batch |
| C. | operation |
| D. | output |
| Answer» B. batch | |
| 141. |
The loss incurred on an incomplete contract is transferred to ………….account. |
| A. | costing profit and loss account |
| B. | profit and loss account |
| C. | trading account |
| D. | deferred to next year. |
| Answer» B. profit and loss account | |
| 142. |
When the completion stage of the contract is more than half, the profit to be credited to Profit and Loss account will be equal to………….. |
| A. | 1/3rd of notional profit x cash received work certified |
| B. | ½ of notional profit x cash received work certified |
| C. | 2/3rd of notional profit x cash received work certified |
| D. | full notional profit. |
| Answer» C. 2/3rd of notional profit x cash received work certified | |
| 143. |
When the completion stage of a contract is less than ¼, the total expenditure on the contract is transferred to...............................account. |
| A. | work-in-progress |
| B. | profit and loss account |
| C. | miscellaneous account |
| D. | none of these |
| Answer» A. work-in-progress | |
| 144. |
If the amount of work certified is less than…......... of the contract price, then no profit should be taken to Profit & Loss Account. |
| A. | 20% |
| B. | 25% |
| C. | 33 1/3% |
| D. | 40% |
| Answer» B. 25% | |
| 145. |
Contract costing is not used in one of the following industries. |
| A. | ship building |
| B. | civil construction |
| C. | automobiles |
| D. | construction of bridges |
| Answer» C. automobiles | |
| 146. |
The sum of value of work certified and uncertified appearing in the Contract Account is called …………….. |
| A. | work in progress |
| B. | work in process |
| C. | work completed |
| D. | work done. |
| Answer» A. work in progress | |
| 147. |
….is the most suitable method in a transport industry. |
| A. | operation costing |
| B. | service costing |
| C. | process costing |
| D. | job costing |
| Answer» B. service costing | |
| 148. |
Room/day is the cost unit used in………………… |
| A. | hotels |
| B. | hospital |
| C. | schools |
| D. | none of these |
| Answer» A. hotels | |
| 149. |
Maintenance charges are in the nature of..............................expenses. |
| A. | fixed |
| B. | variable |
| C. | semi-variable |
| D. | none of these |
| Answer» C. semi-variable | |
| 150. |
In transport costing...........................charges vary more or less in direct proportion to kilometers run. |
| A. | running |
| B. | petrol |
| C. | drivers salary |
| D. | tax |
| Answer» A. running | |
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