1. Which of the following is true about Cost control:
A) It is a corrective function
B) It challenges the set standards
C) It ends when targets achieved ✓
D) It is concerned with future
CA Intermediate Paper 3
Introduction to Cost and Management Accounting MCQ
Chapter 1 • 11 Questions from ICAI Study Material
Questions
11
Est. Time
17 min
Source
ICAI Book
Question 1 of 11 0 correct | 0 wrong
Explanation:
Common Mistake:
Key Concept:
Exam Tip:
Keyboard: 1-4 to select, ← → to navigate
Sample Questions: Introduction to Cost and Management Accounting
Preview 3 of 11 questions from Chapter 1
2. Cost units used in power sector is:
A) Kilo meter (K.M)
B) Kilowatt-hour (kWh) ✓
C) Number of electric points
D) Number of hours
3. Processes Costing method is suitable for
A) Transport sector
B) Chemical industries ✓
C) Dam construction
D) Furniture making