Introduction to Cost Accounting MCQ | Cost Accounting (Free Resource)

11. Variable cost per unit remains __________ .
a) Flexible
b) Constant
c) Both a & B
d) None of the above

12. Fixed cost per unit ___________ .
a) Constant
b) Fluctuates
c) Both a & B
d) None of the above

13. Cost relating to capacity is called __________ cost.
a) Fixed Cost
b) Capacity
c) Cost Plant Cost
d) None of the above

14. Cost which is unaffected by change in output is called as _________ .
a) Fixed Cost
b) Variable Cost
c) Period Cost
d) None of the above

15. Cost of _________ is broader in scope and comprises costing, cost accounting cost control and cost audit.
a) Production
b) Accountancy
c) Sale
d) None of the above

16. ___________ is that portion of cost which is consumed.
a) Income
b) Profit
c) Expense
d) None of the above

17. _________ is that part of cost which is consumed but did not result in Revenue.
a) Profit
b) Investment
c) Loss
d) None of the above

18. Asset is an __________ .
a) Period Cost
b) Product Cost
c) Expired Cost
d) None of the above

19. Cost of _________ is verification of cost accounts.
a) Audit
b) Accountancy
c) Production
d) None of the above

20. _________ have no access to cost records.
a) Insider
b) Outsider
c) Both a & b
d) None of the above

11) Constant 12) Fluctuates 13) Capacity 14) Fixed Cost 15) Accountancy 16) Expense 16\7) Loss 18) Expired Cost 19) Audit 20) Outsider