A Quiz On Batch Costing!
10 Questions
| Total Attempts: 562
(149).jpg "A Quiz On Batch Costing!")
Have you ever heard of batch costing? Batch costing is a technique utilized by the ideas which generate an identical product or an item in a vast number at a time. Manufactured units are collectively known as a batch and the cost of production is determined for a batch because a batch is considered a unit. This sensible quiz will assist you with learning about batch costing.
Questions and Answers
- 1.Under Batch Costing, a batch is regarded as a single cost unit.
- A.
True
- B.
False
- 2.Costs are not calculated batch-wise under batch costing.
- A.
True
- B.
False
- 3.Batch costing is used when items of an identical nature are produced in a batch.
- A.
True
- B.
False
- 4.In batch costing, items are classified into groups for purposes of costing
- A.
True
- B.
False
- 5.Batch costing can be used only in large organizations.
- A.
True
- B.
False
- 6.Batch Costing may be used in a Power House.
- A.
True
- B.
False
- 7.There is a difference between Job Costing and Batch Costing.
- A.
True
- B.
False
- 8.In Batch Costing, a cost sheet is prepared for each job.
- A.
True
- B.
False
- 9.Batch Costing is used for the production of articles like radio, television, watches, etc.
- A.
True
- B.
False
- 10.Assigning a batch number to a batch is important in Batch Costing.
- A.
True
- B.
False
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