Practice Test

Q1) In operating cost sheet, costs are classified into ________ and _____ Show Answer

Q2) In transport costing, two examples of fixed costs are __________ and _____ Show Answer

Q3) An example of a composite cost unit in transport costing is _____ Show Answer

Q4) An example of simple cost unit in transport costing is ________ Show Answer

Q5) In Power House, cost unit is _______ Show Answer

Q6) In which industries Operating Costing will be used : Show Answer

Q7) Electricity generating company should employ : Show Answer

Q8) Which of the following pair is not correct with regard to Operating Costing? Show Answer

Q9) Transport Cost can be calculated as : Show Answer

Q10) Operating Cost is used : Show Answer

Q11) Which method of costing is used in hotels : Show Answer

Q12) Which method of costing is used in hospitals : Show Answer

Q13) A taxi runs in all 3,000 kms. in a month of which 30% it runs empty. If the petrol expenses is s. 20 per 10 Kms,. then total expenses on petrol will be :Rs. Show Answer

Q14) A vehicle runs in all 16,000 kms. in month and average speed is 40 kilometers per hour. If driver's salary per hour Rs.8 then driver's salary per km will be : Show Answer

Q15) If the total monthly operating cost of a vehicle is Rs. 2,400 and per kilometer cost is Rs.0.03 then distance covered by vehicle in a year will be : Show Answer

Q16) If 80 passengers were carried over 16,000 kilometers and the per kilometer cost is Rs. 0.80 the total operating cost will be : Show Answer

Q17) During a month 40 passengers were carried over 10,000 kilometers by a vehicle. If operating cost per passenger-km is Rs. 0.80 and a profit of 50% on fare is to be earned then fare per passenger-km will be : Show Answer

Q18) A bus carries 25 passengers daily for 25 days and its mileage per month is 2000 kms. Its passenger kms, per month are Show Answer

Q19) Service costing is called as ___________ Show Answer

Q20) Service costing is not used in one of the following Show Answer

Q21) Transport Costing is also known as ________________ costing. Show Answer

Q22) Operating Costing is used in __________ providing concerns. Show Answer

Q23) In power house, cost units is __________ Show Answer

Q24) Operating Cost can be computed on : Show Answer

Q25) In which industry Operating Costing will be used ? Show Answer

Q26) Maintenance charges like tyres and tubes, repairs and paintings, overhauls etc. are in the nature of __________ of expenses. Show Answer

Q27) If the present cost of the car is Rs.50,000 residual value at the end of the 5th year is Rs. 10,000 the monthly depreciation is _______ Show Answer

Q28) Composite units used for transport costing are of ________ types Show Answer

Q29) _______________ units are calculated by multiplying the average weight carried with the total distance traveled. Show Answer

Q30) Boiler house costing is an example of : Show Answer

Q31) Cost per unit can be calculated by : Total cost for the period / Number of services units in the period Show Answer

Q32) A log sheet is a record which is maintained for each vehicle to record the details of trips, running time, capacity, distance covered, cost of petrol/diesel, lubricants, loading and unloading time etc. on daily basis is known as: Show Answer

Q33) Out of the following boiler house costing is an example of : Show Answer

Q34) Service costing is not used in : Show Answer

Q35) Under ____ company, Kilowatt hour is used as a composite cost unit. Show Answer

Q36) Water supply companies use_________ as cost per unit. Show Answer

Q37) Log book is also known as : Show Answer

Q38) A transport service company is running 4 buses between two towns the distance of which as 50 kms. Seating capacity of each bus is 40 passengers. The seating capacity utilized was 75%. All the four buses run on all days of the month. Each bus had made one round trip daily. The number of passenger-kms. are: Show Answer

Q39) The distance covered by a tourist bus between Allahabad to Varanasi and back on the same day is 150 kms. One way. The bus will make 8 trips in a month with an occupancy of 90%. The seating capacity of the bus is 50. The total passenger kms. in a month are Show Answer

Q40) Transport company is running five buses between two towns, which are 50 kms. Apart., Seating capacity of each bus is 50 passengers. Actually passengers carried by each bus were 75% of seating capacity. All buses ran on all days each bus made one round trip per day. passenger kms. are : Show Answer

Q41) ________ method of costing is used when it is desired to ascertain the cost of carry out an operation in a department. Show Answer

Q42) Which of the following is not method of costing ? Show Answer

Q43) Describe the method of costing to be applied in case of Nursing Home _____ Show Answer

Q44) Which of the following method of costing is suitable for "Airline Company"? Show Answer

Q45) Which of the following is calculated by simple average as per statistical terms ? Show Answer

Q46) In relation to operating costing which of the following cannot be classified as Standing Charges ? Show Answer