(A) Prime cost
(B) Production cost
(C) Administration cost
(D) Marketing cost
Tag: Financial Accounting Mcqs
Which of the following is TRUE regarding the use of blanket rate?
(A) The use of a single blanket rate makes the apportionment of overhead costs unnecessary
(B) The use of a single blanket rate makes the apportionment of overhead costs necessary
(C) The use of a single blanket rate makes the apportionment of overhead costs uniform
(D) None of the given options
Cost can be classified according to:
(A) Elements
(B) Functions
(C) Behavior
(D) All of the above
Which of the following is not a technique of costing?
(A) Absorption costing
(B) Standard costing
(C) Multiple costing
(D) Marginal costing
Which of the following is not a method of costing?
(A) Marginal costing
(B) Job costing
(C) Process costing
(D) Operating costing
Marketing involves the following except :
(A) Designing
(B) Selling
(C) Publicity
(D) Distribution
Administration span across all the upstream, mainstream and downstream activities of a firm, such as :
(A) Design, research and development
(B) Production
(C) Marketing
(D) All of the above
In process costing, each producing department is a:
(A) Cost unit
(B) Cost centre
(C) Investment centre
(D) Sales centre