1. Direct material can be classified as
A) Fixed cost ✓
B) Variable cost
C) Semi-variable cost.
D) Prime Cost
CA Intermediate Paper 3
Material Cost MCQ
Chapter 2 • 9 Questions from ICAI Study Material
Questions
9
Est. Time
14 min
Source
ICAI Book
Question 1 of 9 0 correct | 0 wrong
Explanation:
Common Mistake:
Key Concept:
Exam Tip:
Keyboard: 1-4 to select, ← → to navigate
Sample Questions: Material Cost
Preview 3 of 9 questions from Chapter 2
2. In most of the industries, the most important element of cost is
A) Material ✓
B) Labour
C) Overheads
D) Administration Cost
3. Which of the following is considered to be the normal loss of materials?
A) Loss due to accidents
B) Pilferage
C) Loss due to breaking the bulk ✓
D) Loss due to careless handling of materials.