Question19:-The Malayalam poet who bagged Asan Smaraka Award 2016 is
A:-Akkitham
B:-O.N.V. Kurup
C:-Kavalam Narayana Kurup
D:-Chemmanam Chacko
Correct Answer:- Option-D
Question20:-The 12th person among the Chief Ministers of Kerala is
A:-Sri Ummen Chandy
B:-V.S. Achuthanandan
C:-Pinarayi Vijayan

D:-A.K. Antony
Correct Answer:- Option-C
Question21:- are the cost of either a single process or a series of processes that simultaneously produce two or

more products of significant relative sales value.
A:-Common costs
B:-Joint costs
C:-Product cost
D:-Period cost
Correct Answer:- Option-B

Question22:- costs are not traceable to any plant, department, and operation or to any individual final product.
A:-Common costs

B:-Indirect costs

:-Both (1) and (2)

D:-None of these

Correct Answer:- Option-C

Question23:- is the production that fails to meet quality or dimensional requirements and hence has to be
disposed of without further processing.
A:-Spoilage

-Waste
C:-Scrap
D:-All are correct
Correct Answer:- Option-A
Question24:-If normal usage of raw material is 110 per day, minimum usage is 50 per day, maximum usage is 140 per day,
and lead time is 25 to 35 days, the minimum stock level is
A:-4200
B:-1175
C:-7950
D:-None of these
Correct Answer:- Option-B
Question25:- is a form of specific order costing which applies where work is undertaken to customer's special
requirements and each order is of short term duration.
A:-Batch costing
B:-Job costing
:-Both (1) and (2)
D:-None of the above
Correct Answer:- Option-B
Question26:-In contract costing retention money is the difference between work certified and
A:-Contract prices
B:-Cash received
:-Work uncertified
D:-None of these
Correct Answer:- Option-B
Question27:-Process account is credited with the scrap value of
A:-Abnormal gain
-Abnormal loss
C:-Normal loss
D:-Normal gain
Correct Answer:- Option-C
Question28:-Under marginal costing, contribution is
A:-Sales - Variable cost