M.Com Entrance Cost Accounting Scanner – CUET

CUCET M.Com Entrance 2019

1. Basic objective of cost accounting is_______.
   (a) Tax compliance
   (b) Financial audit
   (c) Cost ascertainment
   (d) Profit analysis
2. Process costing is suitable for_________.
   (a) Hospitals
   (b) Oil refining firms
   (c) Transportation firms
   (d) Brick laying firms
3. Factory overhead can be charged on the basis of_______.
   (a) Material cost
   (b) Prime cost
   (c) Labour cost
   (d) Direct cost
4. Direct material is a _____.
   (a) Fixed cost
   (b) Semi variable cost
   (c) Variable cost
   (d) Semi fixed cost
5. Labour related to manufacturing of product can be classified under
   (a) Direct manufacturing labour costs
   (b) Work in progress cost
   (c) Indirect manufacturing labour costs
   (d) Finished costs
6. Fresh evaluation of every item of expenditure from the very beginning of each financial year is called_____.
   (a) Deficit budgeting
   (b) Fresh budgeting
   (c) Performance budgeting
   (d) Zero based budgeting

CUCET M.Com Entrance 2020

1. Toy manufacturing companies use ________________ costing.
   (a) Multiple costing
   (b) Process costing
   (c) Unit costing
   (d) Batch costing
2. Break-even sales Rs.50,000 and the P/V ratio is 20%. The fixed costs will be
   (a) Rs.10,000
   (b) Rs.20,000
   (c) Rs.50,000
   (d) Rs.35,000
3. Notional profit Rs.1,98,000. Work completed 70% cash received 80% of work certified. Profit taken into P & L A/c is
   (a) Rs.1,06,600
   (b) Rs.1,05,600
   (c) Rs.52,800
   (d) Rs.1,98,000

CUCET M.Com Entrance 2021

1. The most suitable cost system where the products differ in type of material and work performed is
   (a) Process costing
   (b) batch costing
   (c) operating costing
   (d) job costing
2. Cost accounting is applied to
   (a) public undertakings only
   (b) manufacturing and service concerns
   (c) large business enterprises only
   (d) small business enterprises only
3. EOQ Is calculated by which of the following formulae?
   Whereas D = demand (unit/time),
   Co = ordering cost (Rs/order),
   Ch = cost of carrying inventory (Rs/unit/time)
   (a) √(2DC0/Ch)
   (b) √(DC0/Ch)
   (c) √(2DCh/Co)
   (d) √(DCh/Co)
4. In the ABC Analysis system the B category stands for
   (a) outstanding importance in value
   (b) comparatively unimportant in value
   (c) comparatively important in value
   (d) average importance in value
5. Which of the following is not a type of remuneration system under Time Rate System
   (a) High wage plan
   (b) Measured day work
   (c) Taylor system
   (d) Differential time rate
6. For reducing the labour cost per unit, which of the following factors is the most important ?
   (a) Low wage rate
   (b) Longer hours of work
   (c) Higher input-output ratio
   (d) Strict control and supervision

CUCET M.Com Entrance – 2022

1. The EOQ of an item is calculated using the annual demand together with _____ and ________
   (a) Indirect and Holding costs
   (b) Direct and Variable costs
   (c) Ordering and Holding costs
   (d) Direct and Ordering costs
2. Which of the following is not applicable to responsibility accounting?
   (a) Accounting centre
   (b) Cost centre
   (c) Investment centre
   (d) Profit centre
3. The main difference between marginal costing and absorption costing lies in the treatment of which of the following ?
   (a) Direct cost
   (b) Fixed overhead
   (c) Variable overhead
   (d) Semi-variable overhead
4. Match list – I with list-II
   List-I (Event)
   (A) Reducing capital
   (B) Sales >Variable cost
   (C) Sales > Break-even sales
   (D) Take-over of firm
   List-II (Results)
   (I) Contribution
   (II) Reorganisation
   (III) Absorption
   (IV) IRDA
   Choose the correct answer from the options given below :
   (a) A-I, B-II, C-III, D-IV
   (b) A-II, B-I, C-III, D-IV
   (c) A-II, B-I, C-IV, D-III
   (d) A-IV, B-I, C-II, D-III