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Below are the scanned copy of Kerala Public Service Commission (KPSC) Question Paper with answer keys of Exam Name 'LABORATORY TECHNICAL ASSISTANT ACCOUNTING AND AUDITING VHSE' And exam conducted in the year 2017. And Question paper code was '099/2017/OL'. Medium of question paper was in Malayalam or English . Booklet Alphacode was 'A'. Answer keys are given at the bottom, but we suggest you to try answering the questions yourself and compare the key along wih to check your performance. Because we would like you to do and practice by yourself.
B:-Job costing
C:-Service costing
D:-Batch costing
Correct Answer:- Option-A
Question68:-In automobile industry, cost unit is
A:-Batch
B:-Tonne
C:-Number
D:-None of these
Correct Answer:- Option-C
Question69:-Under costing it is the practice of charging all costs, both variable and fixed to operations, process
or products.
A:-Absorption costing
B:-Direct costing
C:-Standard costing
D:-Marginal costing
Correct Answer:- Option-A
Question70:- is an imecoverable cost and is caused by complete abandonment of a plant.
A:-Sunk cost
B:-Imputed cost
C:-Differential cost
D:-Marginal cost
Correct Answer:- Option-A
Question71:-The total of all direct expenses is known as
കഴല [ടാ
B:-Prime cost
C:-Work cost
D:-Cost of production
Correct Answer:- Option-B
Question72:- is that segment of activity of a business which is responsible for both revenue and expenses.
A:-Cost centre
B:-Profit centre
C:-Work centre
D:-Development centre
Correct Answer:- Option-B
Question7 3:-Work cost = + factory overhead.
A:-Prime cost
B:-Administration overheads
C:-Selling overhead
D:-Distribution overhead
Correct Answer:- Option-A
Question74:- type of costing is used to ascertain the effect of changes in volume or type of out put on profit.
A:-Marginal costing
B:-Uniform costing
C:-Direct costing
D:-Standard costing
Correct Answer:- Option-A
Question75:- is the advantage, in measurable terms, which has been forgone due to not using the facility in the
manner originally planned.
A:-Notional cost
B:-Differential cost
C:-Opportunity cost
D:-Replacement cost
Correct Answer:- Option-C
Question76:-Under cost accounting stocks are valued at
A:-Cost price or market price whicheveris less
B:-Market price
C:-Replacement price
D:-Cost price