Cost Accounting MCQ Questions and Answers for Practice

Cost Accounting MCQs are essential for students and exam aspirants to test their understanding and prepare effectively for assessments. Practice these questions to enhance your knowledge and skills in cost accounting.

About Cost Accounting MCQ Questions

Cost Accounting MCQs cover a wide range of topics, including cost behavior, cost allocation, budgeting, and variance analysis. These questions are designed to help you understand the principles and techniques used in managing and controlling costs in various business environments.

Why Practice Cost Accounting Objective Questions?

Practicing Cost Accounting MCQs offers several benefits. It helps you prepare for school and college exams, competitive exams, and job interviews. Regular practice enhances your problem-solving skills, reinforces key concepts, and builds confidence in handling real-world accounting scenarios.

Who Should Use These MCQs?

  • Students preparing for school or college exams
  • Competitive exam aspirants
  • Candidates preparing for interviews

Cost Accounting MCQ Questions for Practice

1. What is the primary purpose of cost accounting?

2. Which of the following is an example of a mixed cost?

3. The primary purpose of cost accounting is to:

4. What is the purpose of activity-based costing (ABC)?

5. Which cost is considered as a period cost?

6. What is a job order costing system typically used for?

7. What is the key difference between job order costing and process costing?

8. Which of the following is considered a factory overhead cost?

9. What is "prime cost" in cost accounting?

10. The term "standard costing" refers to:

11. In a break-even analysis, the break-even point occurs when:

12. Which of the following is considered a sunk cost?

13. Which of the following is NOT a component of manufacturing cost?

14. What is the cost-volume-profit (CVP) analysis used for?

15. What does "marginal cost" refer to?

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