MCQ for CA Intermediate COSTING - Chapter 6 - COST SHEET

Sample Multiple Choice Questions (MCQ's) for CA Intermediate - Paper 1 - COST AND MANAGEMENT ACCOUNTING - Chapter 6: COST SHEET - For Practice relevant for May/November 23 Examinations

 

Q1. Generally, for the purpose of cost sheet preparation, costs are classified on the basis of:

  1. Functions
  2. Variability
  3. Relevance
  4. Nature 

Answer: 1

Q2. Salary paid to plant supervisor is a part of

  1. Direct expenses
  2. Factory overheads
  3. Quality control cost
  4. Administration cost

Answer: 2

Q3. Audit fees paid to auditors is part of:

  1. Administration Cost
  2. Production cost
  3. Selling & Distribution cost
  4. Not shown in cost sheet

Answer: 1

Q4. Salary paid to factory store staff is part of

  1. Factory overheads
  2. Production Cost
  3. Direct Employee cost
  4. Direct Material Cost.

Answer: 1

Q5. Canteen expenses for factory workers are part of:

  1. Factory overhead
  2. Administration Cost
  3. Marketing cost
  4. None of the above.

Answer: 1

Q6. A company pays royalty to State Government on the basis of production, it is treated as: 

  1. Direct Material Cost
  2. Factory Overheads
  3. Direct Expenses
  4. Administration cost. 

Answer: 3

 

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