Section 1 of 1
T.Y B.Com Cost and Works Accounting-III
This is Feedback form for T.Y B.Com Cost and Works Accounting - III subject based on the objectives specified in the Savitribai Phule Pune University Syllabus
Objectives of the Program:
1 To impart knowledge regarding costing techniques.
2 To provide training as regards concepts, procedures and legal Provisions of cost audit.
Objectives of the Program:
1 To impart knowledge regarding costing techniques.
2 To provide training as regards concepts, procedures and legal Provisions of cost audit.
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Teacher Name
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Asst.Prof.Renuka Talwar
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1. Marginal costing is also known as
1. Marginal costing is also known as
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Direct costing
Variable costing
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2. The problems associated with marginal costing are
2. The problems associated with marginal costing are
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Difficulties in divisions of costs
Problem of valuation of stocks
Ignores time elements
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3.Budget is prepared for a…
3.Budget is prepared for a…
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a. Indefinite period
b. Definite period
c. Period of one year
d. Six months
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4.The classification of fixed and variable cost is useful for the preparation of
4.The classification of fixed and variable cost is useful for the preparation of
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Master budget
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Capital Budget
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5.Standard costing is the preparation of standard costs and their comparison with _______ and the analysis of ________.
5.Standard costing is the preparation of standard costs and their comparison with _______ and the analysis of ________.
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Marginal costs, Variances
Variances, Marginal costs
Actual costs, Variances
Variances, Actual costs
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6.If the standard cost is higher than the actual cost then the difference would be known as:
6.If the standard cost is higher than the actual cost then the difference would be known as:
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Favourable
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7.Farm Costing is similar to
7.Farm Costing is similar to
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Standard Costing
Marginal Costing
Uniform Costing
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8.Cost audit is a verification of cost records to estimate the ________ efficiency of a business.
8.Cost audit is a verification of cost records to estimate the ________ efficiency of a business.
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Internal
Both internal and external
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9.Which one of the following is not related with the cost control
9.Which one of the following is not related with the cost control
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Marginal costing
Standard Costing
Budetory Control
Absorption
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10.Cost Accounting Standard - 1 deals with
10.Cost Accounting Standard - 1 deals with
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Capacaity Determination
Material Cost
Overheads
Classification of cost
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