Cost Accounting MCQ Questions Answers
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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