Costing FM Self Assessment Test | Free Mock Test |

Students can take the  Free Costing and FM Self Assessment Test, Multiple choice questions from Costing FM and all the topics covered in the syllabus were taken into account.

This Costing FM MCQ Test questions have been prepared by qualified Chartered Accountants, covering all the topics in CA IPCC Syllabus. The Test is for free of cost and students can take the test any number of times.

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Sample Questions from the Test

Which of the following is an objective of introduction of a Cost Accounting System in a manufacturing organization?
‘Sunk costs play no role in the current decision making process and are irrelevant cost’. Examine whether the statement is correct.
Which of the following is not a cost classification based on ‘variability’?
Costs which involve immediate payment of cash are known as-
Which of the following is an essential feature of a good Cost Accounting System?
Costs incurred for the original & planned investigation undertaken with a prospect of gaining new scientific or technical knowledge and understanding is known as-
Before installation of a Cost Accounting System in a manufacturing organization, which of the following factors should be studied?
Which of the following practical difficulty arises while installing a costing system in a manufacturing company?
Which of the following costs are not recorded in the books of accounts?
Which of the following costs is also known as imputed cost?
Which costing method is suitable for a firm engaged in construction of roads & bridges?
Which costing method is suitable for a firm engaged in supply of water?
A technique of costing which uses differential costs for ascertaining the acceptability of an alternative is known as –
‘The technique of differential costing requires a clear distinction between variable costs and fixed costs’. Examine whether the statement is correct.
Which of the following cost may be incorporated in the cost accounting system?
Margin of contribution and contribution ratio are the main yard sticks for performance evaluation in which costing method?
Which of the following costing methods is suitable for transport industry?
Which of the following costing methods is suitable for power industry?
Which of the following costing methods is suitable for hotel industry?
Which of the following costing methods is suitable for hospital industry?

 

Updated: April 13, 2018 — 5:40 am

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