1. The allotment of whole items of cost to cost centres or cost units is called:
A) Overhead absorption ✓
B) Cost apportionment
C) Cost allocation
D) None of the above
CA Intermediate Paper 3
Overheads: Absorption Costing Method MCQ
Chapter 4 • 8 Questions from ICAI Study Material
Questions
8
Est. Time
12 min
Source
ICAI Book
Question 1 of 8 0 correct | 0 wrong
Explanation:
Common Mistake:
Key Concept:
Exam Tip:
Keyboard: 1-4 to select, ← → to navigate
Sample Questions: Overheads: Absorption Costing Method
Preview 3 of 8 questions from Chapter 4
2. Primary packing cost is a part of:
A) Direct material cost
B) Production Cost ✓
C) Selling overheads
D) Distribution overheads
3. Director’s remuneration and expenses form part of:
A) Production overhead
B) Administration overhead ✓
C) Selling overhead
D) Distribution overhead