1. In case product produced or jobs undertaken are of diverse nature, the system of costing to be used should be:
A) Process costing
B) Operating costing
C) Job costing ✓
D) None of the above
CA Intermediate Paper 3
Job Costing and Contract Costing MCQ
Chapter 9 • 10 Questions from ICAI Study Material
Questions
10
Est. Time
15 min
Source
ICAI Book
Question 1 of 10 0 correct | 0 wrong
Explanation:
Common Mistake:
Key Concept:
Exam Tip:
Keyboard: 1-4 to select, ← → to navigate
Sample Questions: Job Costing and Contract Costing
Preview 3 of 10 questions from Chapter 9
2. The production planning department prepares a list of materials and stores required for the completion of a specific job order, this list is known as:
A) Bin card
B) Bill of material JOB AND CONTRACT COSTING ✓
C) Material requisition slip
D) None of the above
3. Job costing is similar to that under Batch costing except with the difference that a:
A) Job becomes a cost unit. ✓
B) Batch becomes the cost unit instead of a job
C) Process becomes a cost unit
D) None of the above.