In 'Job Costing', costs are accumulated for: MCQ with Answer and Explanation

Question
In 'Job Costing', costs are accumulated for:
A. Entire factory
B. Fixed assets
C. Each batch or specific order
D. Each department
Answer: Option C
Solution (By JKSSB Mock Tests)
Job costing collects costs for each job or order, useful in custom manufacturing.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Accountancy and Book Keeping Questions

Question #1
Which of the following is a non-cash item in the Profit & Loss Account?
A. Commission paid
B. Rent paid
C. Salaries paid
D. Depreciation
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option D

Explanation:
Depreciation is a non-cash expense, as no cash outflow occurs.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #2
Which document serves as the basis for recording transactions in the books of accounts?
A. Trial Balance
B. Source Document
C. Financial Statement
D. Ledger Account
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option B

Explanation:
Source documents (like invoices, receipts) provide the objective evidence and basic data for preparing accounting vouchers.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #3
Which of the following is NOT a type of budget?
A. Infinite Budget
B. Flexible Budget
C. Rolling Budget
D. Zero-Based Budget
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option A

Explanation:
Flexible, Zero-Based, and Rolling are recognized budgeting techniques. There is no such concept as an 'Infinite Budget'.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Explore All Accountancy and Book Keeping MCQs
Today's Top Topics
Accountancy and Book Keeping 1861 Statistics 1318
Explore Subjects
Accountancy and Statistics 3179 Economy GK 2220 English 15164 Computer 5279 Current Affairs 575
Practice Mix
Which of the following is an indirect tax in India?
The valve between the left atrium and left ventricle is the:
A person faces north. He turns 45° left, then 90° right, then 45° left. Which direction is he facing?
Under the Income Tax Act, the 'TDS' on the sale of an immovable property (other than agricultural land) by a resident is governed by which section, and what is the rate?
In 'Piecemeal Distribution' during dissolution, the first priority for payment of outside liabilities is: