Batch Costing

13 Questions

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Batch Costing

Answer ALL True or False questions and essay questionsPlease to see attached Word document (Show all working)


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