List of top Cost Accounting Questions asked in CBSE CLASS XII

Name an industry/company that uses operating costing.

In final process, the output is called:

Operating costing is concerned with ascertainment of operating cost for rendering unit of _______

Composite cost unit under operating costing refers to _______ of service.

After completion of the contract, with which price is the contractee's account debited and contractor's account credited?

Normal loss is borne by production department, but it leads to _______ in cost per annum.

Paper manufacturing industries adopts _______ costing. Why?

Define normal loss.

Give any one general principle of process costing.

In each process all direct costs and overheads are:

_______ costing is suitable for bridge construction.

Salary and wages paid to labourers engaged at site are direct cost hence debited to:

The work shall be judged by contractee's architect, surveyor or engineer who issue a certificate, stating the value of work done so far. This certificate is called:

Name an industry where batch costing is suitable.

Write an objective of Job Costing.

The list of materials required for a particular job for smooth execution of the job, prepared by the planning department, is called:

What is meant by the term “Retention money”?

Carriage outwards is _______ overheads.

In which form is the Production Account presented?

Estimated cost sheet is based on predictable cost figures which are estimated by looking at past figures and analysing the _______ situation.

Name the document that provides information regarding progress of each job at each operation.

State whether the following statement is True or False: “Direct cost, Works cost, Cost of production and Total cost are the components of Cost Sheet.”

Which of the following is not a disadvantage of Job Costing?

Which of the following is not a presentation software?

What is Startup?