Cost and Managerial Accounting

161. An automobile service unit uses ______________ costing.

1. specific order
2. batch
3. job
4. contract

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162. Economic Batch Quantity depends on ______________ and ______________ costs.

1. Material, labour
2. set-up costs, carrying
3. transportation, carrying
4. warehousing, labour

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163. When the completion stage of a contract is less than %, the total expenditure on the contract is transferred to ______________ account.

1. Work-in-Progress
2. Profit and loss account
3. miscellaneous account
4. none of these

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164. Room/day is the cost unit used in ______________

1. Hotels
2. hospital
3. schools
4. none of these

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165. In transportation costing a composite unit such as ______________ is used.

1. passenger mile/km or Ten kilometer
2. per km
3. per passenger
4. per stop

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166. A bus carries 25 passengers daily for 25 days and its mileage per month is 1000 kms. Its passenger miles are ______________

1. 30,000
2. 12,500
3. 20,000
4. 25,000

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167. Where raw material is to pass certain stages, before it is converted into finished goods, the method of costing used is ______________

1. Job costing
2. Operating costing
3. Process Costing
4. both b and c

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168. When actual loss is ______________ than the estimated loss, the difference between the two is considered to be abnormal gain

1. More
2. less
3. higher
4. none of these

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169. The cost of ______________ process loss is absorbed in the cost of production of good units.

1. Abnormal
2. normal
3. both a & b
4. none of these

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170. ______________ arises where the actual process loss is less than the normal predetermined process loss.

1. Normal loss
2. abnormal loss
3. abnormal gain
4. none of these

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