1. Generally, for the purpose of cost sheet preparation, costs are classified on the basis of:
A) Functions ✓
B) Variability
C) Relevance
D) Nature
CA Intermediate Paper 3
Cost Sheet MCQ
Chapter 6 • 11 Questions from ICAI Study Material
Questions
11
Est. Time
17 min
Source
ICAI Book
Question 1 of 11 0 correct | 0 wrong
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Sample Questions: Cost Sheet
Preview 3 of 11 questions from Chapter 6
2. Which of the following does not form part of prime cost:
A) Cost of packing ✓
B) Cost of transportation paid to bring materials to factory
C) GST paid on raw materials (input credit cannot be claimed)
D) Overtime premium paid to workers.
3. A Ltd. received an order, for which it purchased a special frame for manufacturing, it is a part of:
A) Direct Materials ✓
B) Direct expenses
C) Factory Overheads
D) Administration Overheads