vu mgt402 Final Term - Quiz No.8
vu mgt402 Cost & Management Accounting Quiz
This quiz belongs to book/course code vu mgt402 Cost & Management Accounting of vu organization. We have 14 quizzes available related to the book/course Cost & Management Accounting. This quiz has a total of 10 multiple choice questions (MCQs) to prepare and belongs to topic Final Term. NVAEducation wants its users to help them learn in an easy way. For that purpose, you are free to prepare online MCQs and quizzes.
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Question 2: Loss by fire is an example of:
Normal Loss
Abnormal Loss
Incremental Loss
Can not be determined
Question 3: The components of factory overhead are as follows:
Direct material + Indirect material + Direct expences
Indirect material + Indirect labor + Others indirect cost
Direct material + Indirect expences + Indirect labor
Direct labor + Indirect labor + Indirect expences
Question 4: Reduction of labor turnover, accidents, spoilage, waste and absenteeism are the results of which of the following wage plan?
Piece rate plan
Time rate plan
Differential plan
Group bonus system
Question 5: A store ledger card is similar to the __________.
Stock ledger
Bin card
Material card
Purchase requisition card
Question 7: Which of the following costs is part of the prime cost for manufacturing company?
Cost of transporting raw materials from the suppliers premises
Wages of factory workers engaged in machine maintenance
Depreciation of truck used for deliveries to customers
Cost of indirect production materials
Question 8: Which of the following best describes the manufacturing costs?
Direct materials, direct labor and factory overhead
Direct materials and direct labor
Direct materials, direct labor, factory overhead, and administrative overhead
Direct labor and factory overhead
Question 9: A high inventory turnover may indicate:
An efficient use of the investment in inventory
A high risk of stock-outs
Stock position of store room
All of the given options
Question 10: Factory Over head cost includes __________
Factory Rent
Property Tax
Salaries of Factory Clerk
All of the given
