Explore topic-wise MCQs in Cost Accounting.

This section includes 26 Mcqs, each offering curated multiple-choice questions to sharpen your Cost Accounting knowledge and support exam preparation. Choose a topic below to get started.

1.

Out of the following factors that are affecting Capacity Planning, which one is Less Controllable one?

A. Machine break-downs
B. Amount of labour employed
C. Facilities installed
D. Shifts of work per day
Answer» B. Amount of labour employed
2.

Out of the following trends in production/operations management, which one is sometimes called as agile manufacturing?

A. Re-engineering
B. Supply-Chain Management
C. Lean Production
D. Flexibility
Answer» E.
3.

The time by which an activity can be rescheduled without affecting the other activities - preceding or succeeding is called as

A. Slack
B. Independent Float
C. Free Float
D. Total Float
Answer» C. Free Float
4.

Which of the following stages of Product Life Cycle does attribute beginning of substantial increase in Sales and Profits?

A. Introduction
B. Growth
C. Maturity
D. Decline
Answer» C. Maturity
5.

In which of the following stages the management should try to change its approach by changing its strategy from "buy my product" to "try my product"?

A. Introduction
B. Growth
C. Maturity
D. Decline
Answer» C. Maturity
6.

Conducting occasional check-ups of the products manufactured or assembled to ensure high quality of the production is known as:

A. Planning
B. Scheduling
C. Inspection
D. Routing
Answer» D. Routing
7.

Which one of the following standards is associated with the "Quality Assurance in Final Inspection Test"?

A. ISO 9001
B. ISO 9002
C. ISO 9003
D. ISO 9004
Answer» D. ISO 9004
8.

In a network diagram, the activity that must be completed prior to the start of an activity is called as

A. Successor activity
B. Predecessor activity
C. Concurrent activity
D. Dummy activity
Answer» C. Concurrent activity
9.

Which of the following models deals with the physical movement of goods from different supply origins to a number of different demand destinations?

A. Simulation
B. Transportation
C. Lean operations
D. Line balancing
Answer» C. Lean operations
10.

To determine where the plant should be located for maximum operating economy and effectiveness, refers to which one of the following?

A. Plant layout
B. Facility location
C. Capacity planning
D. Capacity requirement
Answer» C. Capacity planning
11.

Which of the following process types is used when a very highly standardized product is desired in high volumes?

A. Repetitive Process
B. Batch Process
C. Project Process
D. Continuous Process
Answer» E.
12.

Which of the following aims at finding the best and most efficient way of using the available resources men, materials, money and machinery?

A. Method Study
B. Work Study
C. Time Study
D. Motion Study
Answer» C. Time Study
13.

Which one of the following standards is associated with the Quality Management and Quality System Elements-Guidelines ?

A. ISO 9001
B. ISO 9002
C. ISO 9003
D. ISO 9004
Answer» E.
14.

The document, which is used to show planning quantity standards and production plan, is known as:

A. Planning specifications
B. Route sheet
C. Bill of materials
D. Operation sheet
Answer» B. Route sheet
15.

Final stage of production planning, where production activities are coordinated and projected on a time scale is known as:

A. Scheduling
B. Loading
C. Expediting
D. Routing
Answer» B. Loading
16.

The study of relationship between the load on hand and capacity of the work centers is known as:

A. Scheduling
B. Loading
C. Routing
D. Controlling
Answer» C. Routing
17.

Which one of the following standards is associated with the "Quality Assurance in Production and Installation"?

A. ISO 9001
B. ISO 9002
C. ISO 9003
D. ISO 9004
Answer» C. ISO 9003
18.

Use of any process or procedure designed to transform a set of input elements into a set of output elements is known as:

A. Transformation process
B. Transformation of input to output
C. Production
D. Technology change
Answer» D. Technology change
19.

Application of technology or process to the raw material to add use value is known as:

A. Product
B. Production
C. Application of technology
D. Combination of technology and process.
Answer» C. Application of technology
20.

Issuing necessary orders, and taking necessary steps to ensure that the time targets set in the schedules are effectively achieved is known as:

A. Routing
B. Dispatching
C. Scheduling
D. Inspection.
Answer» C. Scheduling
21.

The card which is prepared by the dispatching department to book the labour involved in each operation is:

A. Labour card
B. Wage card
C. Credit card
D. Job card.
Answer» C. Credit card
22.

The example of worker involvement, as a recent trend in production/operations management is

A. SCM
B. Just-in-Time
C. Quality Circle
D. MRP
Answer» D. MRP
23.

In general number of product varieties that can be manufactured in Flow production is:

A. One only
B. Ten to twenty varieties
C. Large varieties
D. Five only.
Answer» B. Ten to twenty varieties
24.

The act of going round the production shop to note down the progress of work and feedback the information is known as:

A. Follow up
B. Dispatching
C. Routing
D. Trip card
Answer» B. Dispatching
25.

The act of releasing the production documents to the production department is known as:

A. Planning
B. Routing
C. Dispatching
D. Releasing
Answer» D. Releasing
26.

With reference to the characteristics of a good product design, which one of the following is referred to the ease of manufacture with minimum cost ?

A. Reliability
B. Productibility
C. Specification
D. Simplification
Answer» C. Specification