Batch Costing
13 Questions
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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 a 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 maybe 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 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
- 11.Describe Job Costing and Batch Costing giving examples of industries where they are used
- 12.In Batch Costing, how is Economic Batch Quantity determined"
- 13.Discuss THREE features of Batch Costing
- 14.Please see attached Word document
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