Free Cost Accounting MCQs with Answers
941 Cost Accounting MCQs from Accounting, each with the correct answer and a written explanation of why it is correct. Free and unlimited, with no account needed.
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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941 questions · page 48 of 48
- A. Opening Stock
- B. Carriage inward
- C. Wages & Salary
- D. Postage & Stamps
Explanation: Cost of goods sold includes opening inventory, inward carriage, and production costs such as direct wages.
Correct answer: Postage & Stamps