Commerce & Management•Updated for 2026 Competitive Exams
Cost Accounting MCQS with Answers
Practice top multiple choice questions (MCQs), topic summary, and verified answers for Cost Accounting MCQS with Answers. Essential for Central & State competitive examinations. Solve these high-frequency practice questions with step-by-step solutions to evaluate your preparation level.
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Practice Questions & Explanations (15 Questions)
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Q1CA / UGC NETMedium
Cost accounting primarily serves the needs of:
Q2CA / UGC NETMedium
Prime cost is the sum of:
Q3CA / UGC NETMedium
Which of the following is an example of a fixed cost?
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Q4CA / UGC NETMedium
Costs that change in direct proportion to changes in activity level are called:
Q5CA / UGC NETMedium
A cost that has already been incurred and cannot be recovered is known as a:
Q6CA / UGC NETMedium
The process of charging overheads to cost centers is known as:
Q7CA / UGC NETMedium
Break-even point is the level of sales where:
Q8CA / UGC NETMedium
Opportunity cost is:
Q9CA / UGC NETMedium
Under marginal costing, inventory is valued at:
Q10CA / UGC NETMedium
Which of the following best describes 'overhead'?
Q11CA / UGC NETMedium
The difference between Sales and Variable Cost is known as:
Q12CA / UGC NETMedium
Standard costing is a technique used for:
Q13CA / UGC NETMedium
ABC in cost accounting stands for:
Q14CA / UGC NETMedium
Which of the following is considered a direct labor cost?
Q15CA / UGC NETMedium
Cost of Goods Sold (COGS) equals:
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