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 irrecoverable 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
A:-Over head
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
Question73:-Work cost = + factory overhead.
A:-Prime cost
B:-Administration overheads
C:-Selling overhead
D:-Distribution overhead
Correct Answer:- Option-A
00. 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
-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 whichever is less
B:-Market price
C:-Replacement price
D:-Cost price