Costing mcq BCOM SEM V - COST Accounting PDF

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BCOM -SEMESTER V CM05BAA01–COST ACCOUNTI NG MULTI PLE CHOI CE QUESTI ONS 1.Costaccount i ngmai nl yhel pst hemanagementi n a)Ear ni ngpr ofit b)Pr ovi di ngi nf or mat i ont omanagement c)Fi xi ngpr i cesoft hepr oduct s d)Al loft heabove 2.Costaccount i ngpr ovi desal loft hef ol l owi ngi nf or mat i onexcept a)Pr oductcost b)Costofgoodssol d c)I nvent or yval ues d)Cashf or ecast s 3.Whi choft hef ol l owi ngi scost–behavi oror i ent ed appr oacht o pr oduc tcos t i ng a)Absor pt i oncos t b)Pr ocessc os t i ng c)Mar gi nalcost i ng. d)Job–or derc os t i ng 4.Ani t em ofcos tt hati sdi r ectf oronebusi nessmaybe………. f oranot her bus i ness. a)Di r ect b)I ndi r ec t c)Var i abl e d)Fi xed 5.Thet ot alofal ldi r ec texpensei sknownas……………… c os t a)Pr i mecos t b)Fac t or ycos t c)Se l l i ngcos t d)Cos tofpr oduct s 6.…………… cos t sar epar t l yfixedandpar t l yvar i abl ei nr e l at i ont o Out put a)Var i abl e b)Fi xed c)Semi–var i abl e d)Mar gi nal 7.Anoppor t uni t ycosti s…………………… a)Theadv ant agef or egone b)Addi t i onali ncome c)Cos ti ncur r edi npost d)Cos tf orr epl acement 8.Anoppor t uni t yc os tdoesnoti nv ol v e

a)I ncomes b)Expenses c)Cashout l ays d)Losses 9.Tot alvar i abl ecos tc hange………. .Wi t hc hangei nout put a)Const ant l y b)Notpr opor t i onat el y c)Pr opor t i onat e l y 10.Fi xedcos tperuni t………….Wi t hi ncr easei nout put a)I ncr eases b)Not–i ncr ease c)Reduces d)Notdecr ease 11.Depr eci at i oni s…………. .Expendi t ur e a)Var i abl e b)Semi–v ar i abl e c)Fi xed d)Noneoft heabove 12.Out–ofpocke tcos t si nvol v epaymentt o………………………. a)Management b)Outsi der s c)Empl oyees d)Owner s 13.Thecos tt hatcanbei dent i fiedwi t hac os tunt i li scal l ed……………. . a) Di r ec tc os t b)Over head c)I ndi r ec t d)Cos tofpr oduct i on 14.Cos ti ncur r edi npar thavenoeffectonf ut ur edeci si onmaki ngi s cal l ed……………. a)Per i odc os t b)Oppor t uni t ycost c)Sunkcost d)Mar gi nalcos t i ng 15.Theval ueofabenefitsacr i ficedi nf avorofanal t er nat i v ecour seof act i on,i scal l ed………………………… a)Per i odc os t b)Oppor t uni t ycost c)Sunkcost d)Mar gi nalcos t

16.Cos tuni tf oracabl ei ndust r yi s a)Pert one b)Percos t c)Perme t er d)Percubi cf oot 17.Tonneki l ome t eri st hec os tuni tof……………… a)Aut omobi l e b)Quar r i es c)Tr anspor tser vi c e d)El ec t r i ci t y 18.Di r ectl abourcos t swoul di ncl udeswagespai dt oal lt hef ol l owi ngexcept a)Machi neoper at or s b)Assembl yl i newor ker s c)Jani t or s d)Br i c kl ayer s 19.I ndi r ectl abourcos t swoul di ncl udewagespai dt ot hef ol l owi ngexcept a)Machi neoper at or s b)Mat er i alhandl er s c)St or ekeeper s d)For kl i f toper at or s 20.Over headc onsi s t sofal lt hef ol l owi ngexcept a)I ndi r ectmat er i al s b)Di r ect–l abour c)St or e–keeper s 21.Pr i mecostcompr i sest hef ol l owi ngcombi nat i onofcost s a)Di r ectmat er i al sandf ac t or yov er head b)Di r ectl abourandf act or yov er head c)Di r ec tmat er i aldi r ectl abour anddi r ectexpense d)Noneoft hese 22.Conv er si onandpr i mecost sar e a)Synonymousandcanbeusedi nducec hangeabl y b)Bot h i nc l ude f ac t or y ov er head wi t h i t s var i abl e and fixed c omponent s c)Repr esentcosti ncur r edonj oi ntpr oduc tbe f or et hes pl i toffpoi nt d)Di ffer 23.Ani mpor t antf eat ur eofcos tcent r ei st hat a)I tusesonl ymoni t or yi nf or mat i on b)I thascl ear l ydefinedboundar i es c)I tmaybeones peci ficl ocat i ononl y d)I tmus tbeanar eaofbusi nesst hr oughwhi c hpr oductpass 24.Thet er mc os tr e f er st o a)Anassett hathasgi v enbenefitandi snow expi r ed b)Thepr i ceofpr oduc tsol dorser vi c esr ender ed

c)Theval ueofsacr i ficemadet or equi r egoodsorservi ce d)Thepr esentval ueoff ut ur ebenefit 25.Di r ectmat er i ali sa a)Manuf act ur i ngcos t b)Admi ni st r at i oncos t c)Se l l i nganddi s t r i but i oncost d)Fac t or yov er head 26.Cos taccount i ngemer gedmai nl yonaccountof a)St at ut or yr equi r ement s b)Compe t i t i oni nt hemar ke t c)Li mi t at i onoffinanci alacc ount i ng 27.Adv ant ageofcos tac count i ngsys t em ac cr ue a)Onl yt owor ker s b)Onl yt omanagement c)Toconsumer s ,wor ker s,gov er nment,andmanagement 28.Mar gi nalc os t i ngi nc oncer nedwi t h a)Fi xedcos t s b)Var i abl ecos t c)Semi–fixedcos t 29.Abi sc ui tmanuf ac t ur i ngconcer nempl oys a)Depar t ment alcos t i ng b)Bat chcos t i ng c)Pr oc esscost i ng 30.Aggr egat eofdi r ec tcosti sknownas…………… a)Di r ectmat er i alcost b)Di r ectl abourcos t c)Pr i mecos t 31.Aggr egat eofpr i mecostandf act or yov er headi s a)Wor koncost b)Wor kc os t c)Cos tofpr oduct i on 32.Sal ar ypai dt of ac t or ymanageri sani t em of a)Pr i mecos t b)Fac t or yov er head c)Se l l i ngover head 33.Cos ti ncur r edt oconv er tr aw mat er i ali nt ofini shedgood a)Di r ectcos t b)Conver si oncost c)I ndi r ec tcost 34.Sunkcos tar e a)Fi xedi nnat ur e b)Notr el evantt opr esentdeci si on c)Var i abl ei nnat ur e

35.Al lcostot hert handi r ec texpensear eknownas a)I ndi r ectmat er i alcos t b)I ndi r ec tl abourcos t c)I ndi r ec texpenses 36.Themos ti mpor t antel ementofc os ti s a)Mat er i al b)Labour c)Overhead 37.Accor di ngt owhi c hoft hef ol l owi ngmet hodsofmat er i alpr i ci ngar ec l oset o c ur r enteconomi cval ues a)LI FO b)FI FO c)HI FO 38.Di r ec t or sr emuner at i oni st r eat edas a)Fact or yover head b)Sel l i nganddi s t r i but i onoverhead c)Admi ni st r at i onov erhead 39.Pac ki ngc os ti sani t em of a)Pr oduct i onov erhead b)Sel l i ngov erhead c)Officeoverhead 40.Badde bt sar et r eat edasapar tof a)Pur e l yfinanci ali ncome b)Pur el ycos ti t em c)Pur e l yfinanci alexpense 41. var i abl ecos tvar y a)Peruni t b)I naggr egat e c)Peruni tandaggr egat e 42.St andar dcos t i ngi s a)Techni que b)Me t hod c)Pr oc ess 43.Thedi ffer encebet weenst andar dandact uali scal l ed a)De vi at i on b)Di ffer encei ncos t c)Var i ance 44.Hi st or i calcos t i ngi sal socal l ed a)Tot alcos t i ng b)Ac t ualcos t i ng c)Not i onalcos t i ng 45.Cos t i ngi sat echni queof a)I nv ent or ycont r ol

b)Cal cul at i onofcost c)Asc er t ai nmentofcost 46.………………. .Cos t i ngi susedi nt r anspor tcos t i ng a)Oper at i ng b)St andar d c)Mar gi nal 47.Depr eci at i oni sa…………. .Expense a)Fi xed b)Var i abl e c)Semi–var i abl e 48.…………………. .Cos tperuni tdoesnotchangewi t hc hangei nac t i vi t yl ev e l a)Over head b)Var i abl e c)Fi xed 49.Tel ephoneexpensei sa………………….Expense a)Fi xed b)Var i abl e c)Semi–var i abl e 50.Cos taccount i ngi st hear t ,sci enc eand…………… cos tofaccount ant a)Pr of essi on b)Management c)Admi ni st r at i on 51.……………….May be a l ocat i on,a per son,oran i t em ofequi pmentor gr oupoft her e a)Costc ent r e b)Cos tuni t c)Pr ofitcent r e 52.………………….I s defined on t he gui dance and r egul at i on by execut i v e ac t i onofcos toper at i ngandundert aki ng a.Costr educt i on b.Costc ont r ol c .Cos test i mat i on 53……….i st he c os ti ncur r ed i nt he par thas no effec ton f ut ur e deci si on maki ng a)Sunkcos t b)Hi s t or i calcost c)I mput edcos t 54.Mac hi nehourr at ei nt hecos tofr unni ngamac hi ne a)Perhour b)Perday c)Perwor k 55.Di r ec texpensear eal socal l ed…………………….Expenses. a)Var i abl e

b)Char geabl e c)Fi xed 56.Cos tofpr oduct i on i s al so cal l ed ………………. . i ft her ei s no se l l i ng and di s t r i but i onexpense a)Costofsal es b)Officecos t c)Fact or ycos t 57.I fcos tofsal esexc eedssal esi twi l lbe a)Pr ofit b)Loss c)Gai n 58.St at ementpr epar edt oshow t hedi ffer entel ement sofcos t a)Ti meshee t b)Cos tshee t c)Wor kshee t 59.Var i abl ecos ti ncr eases a)Asi nt hesal esgoesup b)Ast hepr oduct i ongoesup c)Ast hefixedexpensesgoesup 60.Ont hebasi sof……………… cos tcanbecl assi fiedi nt ofixedand var i abl e. a)Behavi or b)El ement c)Func t i on 61.Di r ec texpensear eal socal l ed……………… expenses a)Semi var i abl e b)Char geabl e c)Fi xed 62.Oper at i ngcos t i ngi sappl i cabl et o a)Tr anspor t b)Hospi t al s c)El ect r i ci t y 63.Rentonownbui l di ngi sa………………. . a)Sunkcos t b)I mput edcos t c)Oppor t uni t ycos t 64.When mat er i alpr i cesfluc t uat ewi de l yt heme t hod ofpr i ci ngt hatgi v esa bes tr esul ti n a)Si mpl eaver age b)Wei ght edaver age c)FI FO

65.Whi choft hef ol l owi ngi sconsi der edt obeanor mall ossofmat er i al a)Lossduet oacci dent b)Lossduet obr eaki ngofbul kmat er i al c)Lossduet ocar e l esshandl i ng 66.St or ekeepershoul di ni t i at eapur chaser equi si t i onwhe nst oc kr eac her a)Mi ni mum l eve l b)Maxi mum l ev el c)Re–or derl ev el 67.Goodsr ec ei v ednot ei spr epar edby……………………. . a)Goodsr ec ei vedc l er k b)Pur chasemanager c)St or ekeeper 68.………….I sadi scountal l owe dt ot hebul kpur c hase a)Tr adedi scount b)Cashdi scount c)Baddebt 69.Buffers t ockofmat er i almeans………………………. . a)Maxi mum st oc kofmat er i al b)Mi ni mum s t oc kofmat er i al c)Aver agest oc kofmat er i al 70.Awr i t t enr eques tt oasuppl i erf orspeci fiedgoodsatanagr eedr at e a)Pur c haseor der b)Pur chaser equi si t i on c)Recei vi ngr epor t 71.Sur pr i sephysi calchecki ngi saf eat ur eof a)Per pe t uali nvent or ysys t em b)ABC anal ysi s c)I mpr esssys t em 72.Apur c haser equi si t i oni sr ai sed……………………………… a)Toul t i mat et ot hesuppl i ert hequant i t yandqual i t yofnew mat er i alr equi r ed b)Whent hest oc kofr aw mat er i alhasf ol l ow t ot her eor derl ev el c)Whengoodsar er ecei v edf r om asuppl i er 73.Nor mall ossi napr ocessi s……………………………………… a)Unavoi dabl e b)Avoi dabl e c)Ar i seduet odef ect i ve 74.Thecos tofnor malwas t agel essscr apval uei fanybor nby a)Gooduni t s b)Abnor malwas t age c)Abnor maleffec t i veness 75.Pur chaseor deri spr epar edby a)Sal esdepar t ment b)Pur chasedepar t ment c)Pr oduct i ondepar t ment 76.Bi ncar di nmai nt ai nedby

a)Pur c hasedept b)St or esdept . c)Pr oduct i ondept 77.Abnor mall ossshoul dbet r ans f er r edt o a)Abnor mall ossac count b)Cos t i ngpr ofitandl ossa/c c)Cashaccount 78.FI FO me t hodi ssui t abl ei nt i mesof……. . a)Ri si ngpr i ce b)Fal l i ngpr i ce c)Bot ha& b 79.LI FO me t hodi ssui t abl ei nt i mesof……. . a)Ri si ngpr i ce b)Fal l i ngpr i ce c)Bot ha& b 80.Re–or derl ev el=maxi mum consumpt i on*……………. a)Mi ni mum r eor derper i od b)Maxi mum r e–or derper i od c)Mi ni mum consumpt i on 81.Thequal i t yofmat er i alt obeor der edatonet i me a)EOQ b)EBQ c)BOQ 82.Bi ncar dusedi susedf orver i f yi ng……………… a)Quant i t y b)Val ue c)Quant i t yandval ue 83.Theunavoi dabl el os sofmat er i ali sknownas a)Nor mall oss b)Abnor mall oss c)Wast e 84.Lossduet ofir e,t hef t,ar e……………………. a)Nor mall oss b)Abnor mall oss c)Scr ap 85.Thecos tof…………… i snoti nc l udedi nt hec os tofpr oduc t i on a)Nor mall oss b)Abnor mall oss c)Scr ap 86.Di r ec tcos tcl ear l ybe……………… wi t hapr oduct a)I dent i fied b)Appor t i oned c)Al l ocat ed 87.Pr i mecos tcanbeal socal l ed……………………………. a)I ndi r ectcost b)Di r ectcos t c)Fi xed 88.El ementofcostr ef er st o…………………. . a)Componentcos t

b)Component sofcos t c)Pr i mecos t 89.Cos tofmat er i alt hatcanbei dent i fiedi scal l ed…………….Cos t a)Di r ect b)I ndi r ect c)Var i abl e 90.……………i nt he aggr egat e ofi ndi r ectmat er i al,i ndi r ectl abour and i ndi r ecte xpense a)Pr i mecos t b)f ac t or ycos t c)Overhead 91.Theval ueofbenefitsacr i ficedi nf av orofanal t er nat i v ec our seofact i onas knownas a)Var i abl e b)Fi xedcos t c)Oppor t uni t ycos t 92.………… i sauni tofquant i t yi nt er msofwhi c hcosti sascer t ai ned. a)Costc ent r e b)Cos tuni t c)pr ofitcent r e 93.Car r i ageout war di sanexampl eof………………….Ov er head a) Pr oduct i on b) Office c) Di s t r i but i on 94.Eoqi scal c ul at edan………………………. . a) b) c) 95.Car r yi ngcos t sar eot her wi secal l ed a)Or der i ngcos t s b)Hol di ngcos t s c)out–ofst oc kcos t 96.………………… i sacompl e t el i s tofal lmat er i al sc omponentr equi r ed aj ob a)Pur c haser equi si t i on b)Bi l lofmat er i al s c)Pur c haseor der 97.Sur pr i sephysi calchecki ngi saf eat ur eof a)Per pe t uali nvent or ysys t em b)ABC anal ysi s c)I mpr es t edsyst em 98.Mi ni mum l eve l+consumpt i ondur i ngt hel eadt i mei scal l ed……… a)Re–or derl ev e l b)EOQ c)Maxi mum s t ockl ev el

f or

99.I ft hemi ni mum st ock l ev eli s3000 uni t sand r eor derquant i t yar e2000 uni t swhati st heav er ages t oc kl ev el a)5000 b)4000 c)3000 100.Whi choft hef ol l owi ngi snotcor r ectf orbi ncar d? a)Rec or dsquant i t yonl y b)Keepi nsi det hest or e c)Recor dval ueofi ssue 101.Thebaseofabcanal ysi sofi nv ent or ycont r oli s a)Usage b)Val ue c)Output 102.I ndeci di ngt heeoqt hecostofi nv ent or yshoul dbe a)Mi ni mum b)Opt i mum c)Maxi mum 103.…………. .I spr epar edonl yaf t ert hepur chaser equi si t i oni sobt ai ned a)Mat er i alr equi si t i on b)Pur chaseor der c)Bi ncar d 104.…………….Wi l ll eadt ounnec essar ybl oc ki ngofwor ki ngcapi t al a)Overs t ocki ng b)Unders t oc ki ng c)Mi ni mum s t ocki ng 105.…………………….I s an aut hor i z at i on t ot he st or e keepert oi ssue r aw mat er i al a)Pur c haseor der b)Pur chaser equi si t i on c)Mat er i alr equi si t i onnot e 106.…………………. .I st hesecondmaj ore l ementofcos t a)Labour b)Mat er i al c)Overhead 107.I nwhi choft hef ol l owi ng me t hodofwagepayment,wagesont i mebasi s ar enotguar ant eed a)Hal seypl an b)Rowanpl an c)Tayl or sdi ffer ent i alpi ecer at esys t em 108.Whi ch oft hef ol l owi ngme t hodofwagepaymenti smos tsui t abl e wher e qual i t yandac cur acyofwor kofpr i mar yi mpor t ance a)Pi ecer at esyst em b)Ti mer at esys t em c)Hal seypl an 109.Thet i mewor kedbyawor keri spr epar edby a)Ti mekeepi ngdept . b) Per sonaldept . c) Payr ol ldept .

110.Pr event i v ecostand……………… ar et wot ypesofl abourt ur nover a)Or der i ngcos t b)Repl acementcos t c)Car r yi ngcost 111.…………… ar epr epar edt oknow t her easonofi dl et i me a)I dl et i mecar d b)Ti mecar d c)Cos tcar d 112.Undert i mewagesyst em,wagesar epai daccor di ngt ot he a)Ti mer ec or ded b)Ti mewor ked c)I dl et i me 113.……… me t hodofwagepaymentpr ovi desf orhi ghr at et oeffici ent wor ker s a)Tayl or sdi ffer ent i alpi ecer at esyst em b)Gant ’ st askpi ecer at esyst em c)Ti mer at esyst em 114.Nor mal l yover t i mepaymenti smadeat a)Thr eet i mes b)Twot i mes c)Fourt i mes 115.Whi choft hef ol l owi ngi snotpr emi um bonuspl an a)Hal seypl an b)Rowanpl an c)Mer i c kl spl an 116.Fr i ngebenefitmeans a)Mone t ar ybenefit b)Non–mone t ar ybenefit c)Di r ec twages 117.The r ecor di ng oft i me oft he wor ker s ar r i valand depar t ur ef r om t he f ac t or yi s a)Ti mekeepi ng b)Ti mebooki ng c)Overt i me 118.……………… i s concer ned wi t h di scover i ng t he sour ce ofman powe r r equi r edandt appi ngt hesesour ces a)Recr ui t ment b)Pl ac ement c)Re f r eshment 119.Underpi ecewagesys t em,paymentofwageri smadeac cor di ngt ot he a)Ti mes pent b)Vol umeofwor kdone c)Val ueofwor kdone 120.Labour expended i nc onver t i ng r aw mat er i ali nt o fini shed goods i s cal l ed a)Di r ectl abour b)I ndi r ec tl abour c)Bot ha& b 121.Recor di ngoft i mespentbyawor keronadi ffer entj obi scal l ed

a)Ti mekeepi ng b)Ti mebooki ng c)Jobcar dkeepi ng 122.Whi choft hef ol l owi ngi snotaf r i ngebenefit a)Subsi di z edf ood b)Recr eat i onalf aci l i t i es c)Over t i mewages 123.I n …… bonusi st hatpr opor t i on oft i met aken whi c ht het i meov er head t ot hes t andar dt i me a)Hal seypl an b)Rowanpl an c)Tayl orpl an 124.Wor koff or man,st or ekeeper ,i nspec t or ,andpr oduct i oncont r ol s t affcomeunder a)Di r ectl abour b)I ndi r ec tl abour c)Fact or yl abour 125.I n…………. .Sys t em t wopi ec er at esar ese tf oreachj ob a)Tayl or sdi ffer ent i alpi ecer at esyst em b)Me r r i ckpl an c)Rowan 126.UnderMe r r i c k’ spl an, nobonus,i spayabl et oawor keri fhi seffici encyi s l esst han a)83% b)Above83% c)Abov e70% 127.I dl et i mear i sesonl ywhenwor ker sar epai don………. .Basi s a)Ti mer at e b)Pi ecer at e c)Pr emi um pl an 128.Over t i meduet oabnor malcausesmaybet r ansf er r edt o a)Thej ob b)Cos t i ngp& la/c c)Over headaccount 129.Cos toft henor mali dl et i mei schar gedt opr oduc t i on att he……………. Rat e a)Mar ke t b)I nflat ed c)Deflat ed 130.Lossoft i meduet oav oi dabl er easoni sknownas a)Nor mali dl et i me b)Abnor mali dl et i me c)Over t i me 131.Ti mel os ti nt hecour seofnor malac t i vi t yi sknownas a)I dl et i me b)Abnor mali dl et i me c)Overt i me

d)Nor mali dl et i me 132.Wher et her e ar e separ at ec os tand financi alac count st he pr obl em of ……………… ar i se a)Account i ng b)Rec onci l i at i on c)Vouc hi ng 133.Lossar i si ngf r om t hesal eoffixedasse ti s…………… a)Pur e l yfinanci alc har ges b)pur el ycos t i ngc har ges c)Bot hfinanci alandcos t i ngc har ges 134.Lossoni nv est menti s………………………………………. a)Pur e l yfinanci alc har ges b)pur el ycos t i ngc har ges c)Bot hfinanci alandcos t i ngc har ges 135.Di scountondebent ur esi s……………………. a)Pur e l yfinanci alc har ges b)Pur el ycos t i ngc har ges c)Bot hfinanci alandcos t i ngc har ges 136.………. .Me t hodofchar gi ngdepr eci at i onmayhav ebeenadopt ed i ncos taccount s a)Machi nehourr at e b)Fi xedi ns t al l ment c)di mi ni shi ngbal ance me t hod 137..………. .Me t hodofc har gi ngdepr eci at i onmayhav ebeenadopt ed i ncos taccount s a)St r ai ghtl i neme t hod b) Fi xedi ns t al l mentme t hod c) pr oduct i onhourme t hod 138. ………. .Me t hodofc har gi ngdepr eci at i onmayhav ebeenadopt ed i nfinanci alaccount s a)St r ai ghtl i neme t hod b)Fi xedi ns t al l mentme t hod c)pr oduct i onhourme t hod 139.Cl os i ng s t ock i sval ued atcos tpr i ceormar ke tpr i cewhi c hev eri sl ess under………………… account s a)Fi nanci al b)Cos t c)Over head 140.I ncos tshee tr aw mat er i al sar et akeni n……………………. . a)FI FO b)Pr i mecos t c)Tot alcos t 141.I ncos tshee twor k–i n–pr ogr essi nv ent or yi st r eat edas a)FI FO b)LI FO c)Fact or ycos t

142.I ncos tshee tfini shedst oc ki st akenbe f or e…………… a)Costofgoodssol d b)Pr i mecos t c)Cos tofpr oduct i on 143.Val uat i onofs t oc ki nfinanci alaccount sandcos taccount sr esul t …………………… i npr ofit s a)Di ffer ence b)Same c)Equal 144.Rentr ecei v abl ei s………………………… a)Pur e l yfinanci ali ncome b)Pur el yfinanci alexpense c)Pur e l yc os t i ngi ncome 145.Tr ans f erf eesr ecei v edi s……………………… a)Pur e l yfinanci ali ncome b)Pur el yfinanci alexpense c)Pur e l yc os t i ngi ncome 146.I nt er es tr ec ei v edonbankdeposi ti s………………………. . a)Pur e l yc os t i ngi ncome b)Pur el yfinanci ali ncome c)Pur e l yfinanci alexpense 147.Goodwi l lwr i t t enoffar eshownonl yi n……………………. . a)Costaccount s b)Fi nanci alac count s c)Pr oc essaccount s 148.Wr i t i ngoffpat ent sar eshownonl yi n………………………. . a)Costaccount s b)Fi nanci alac count s c)Pr oc essaccount s 149.Penal t i esandfinesar e………………………………. a)Pur e l yfinanci ali ncome b)Pur el yfinanci alc har ges c)Pur e l yc os t i ngi t ems 150.Adopt i ng…………… acc ount sr econci l i at i onofaccount scanbeav oi ded a)I nt egr at edaccount s b)Cos taccount s c)Fi nanci alaccount s 151.……………….Accounti susedt or econci l et hec os tandfinanci al Acc ount s a)Memor andum r econci l i at i onaccount b)Me mor andum ofassoci at i onaccount c)Ar t i c l eofassoci at i onaccount 152.Whent heac t ualov er headar el esst hanexpensesabsor bed,i ti s Knownas………………. . a)Absor pt i on b)Underabsor pt i on c)Overabsor pt i on 153.Thecostwhi chi si ncur r edf ort hebenefitofanumberofcos tcent r e

a)Joi ntc os t b)overhead c)Di r ec tcos t 154.Var i abl eover headr emai n a)Fi xedperuni t b)Var i abl eperuni twi t hvol ume c)Fi xedf oranyl ev elofout put 155.Theal l ot mentofwhol ei t em ofcostt ot hecent r eorcos tuni ti scal l ed a)Appoi nt ment b)Al l ocat i on c)Absor pt i on 156.Absor pt i onmeans…………………………………. a)Char gi ngofov er headst ocos tshee t b)Char gi ngofover headst ocostuni t s c)Char gi ngofov er headst ocos tuni t sorc os tcent r es 157.Whi ch oft he f ol l owi ng i s mos tl i ke l yt o be an al l ocat ed pr oduc t i on over headcostt ot hefini shi ngcent r e a)Fact or yr at es b)Sal ar yoft hepr oduct i onmanager c)s al ar yoffini shi ngc os tcent r esuper vi sor d)Powerusedonfini shi ngcos tcent r emac hi nes 158.Appor t i onmentofov er headcostmaybedefinedas a)Char ge t oc os tc ent r e of an over hea...