Cost and Managerial Accounting

181. ______________ is an example of long-term budget

1. Cash budget
2. Capital expenditure budget
3. Research and development budget
4. Both b & c

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182. ______________ helps in ascertaining costs beforehand.

1. Financial accounting
2. cost accounting
3. management accounting
4. none of these

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183. ______________ aids in price fixation.

1. Financial accounting
2. cost accounting
3. management accounting
4. none of these

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184. Process costing is also known as ______________ costing.

1. Continuous
2. batch
3. multiple
4. job

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185. Cost accounts deal partly with facts and figures and partly with ______________

1. Estimates
2. costs
3. income
4. revenue

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186. ______________ costing is used in transport undertakings.

1. Process
2. service
3. multiple
4. job

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187. Administration expenses are mostly ______________

1. semi-variable
2. variable
3. fixed
4. none of these.

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188. ______________ Accounting provides information for cost control.

1. Financial
2. Cost
3. Human Resource
4. none of these.

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189. ______________ is the value of a benefit where no actual cost is incurred.

1. Imputed
2. sunk
3. out of pocket
4. none of these

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190. Works cost is a total of ______________

1. Indirect material, Indirect labour
2. Direct material, direct labour, direct or chargeable expenses and works expenses
3. Direct material, direct labour
4. Indirect material, Indirect labour, Indirect expenses

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