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CA Inter Job Costing — practice questions

Explore 51 free Job Costing questions in CA Inter Cost and Management Accounting. Open each question or exercise to read its content, reference answers and available explanation.

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Job Costing questions and exercises with answers

Showing questions 1–30 of 51.

Job costing reports profitability separately for each what?Read the answer and worked solution →Which of these can be treated as one job in job costing?Read the answer and worked solution →Job costing needs expenses and revenues tagged with what?Read the answer and worked solution →Job costing differs from process costing in tracking cost flow by what?Read the answer and worked solution →Process costing suits which kind of products?Read the answer and worked solution →Which costing system assigns costs to distinct, very different production jobs?Read the answer and worked solution →In job costing, the average cost per unit is worked out for each what?Read the answer and worked solution →In process costing, per-unit cost equals process costs divided by what?Read the answer and worked solution →In job costing, direct material and labour are tracked at what values?Read the answer and worked solution →Overhead in job costing may be applied using a rate based on what?Read the answer and worked solution →A job profitability report resembles which statement, but for one job?Read the answer and worked solution →Why are cost codes set for each phase of a job?Read the answer and worked solution →In a true job cost system, when is the job budget prepared?Read the answer and worked solution →Comparing actual job costs with budget gives what for each phase?Read the answer and worked solution →When a job is completed, its cost moves from WIP to what?Read the answer and worked solution →Job costing information helps a firm prepare what for a customer?Read the answer and worked solution →Job costs are recorded in ledger accounts over which period?Read the answer and worked solution →A job uses Rs 8,000 material and 40 hours at Rs 25. Overhead is Rs 150 per hour. Total cost?Read the answer and worked solution →Overhead is Rs 120 per labour hour and a job uses 35 hours. Overhead charged?Read the answer and worked solution →A job costs Rs 15,000 in total. The firm quotes cost plus a 20 percent markup. Quote?Read the answer and worked solution →Overhead is budgeted at Rs 100 per labour hour. A job takes 10 hours by a worker paid Rs 25 per hour. Overhead charged?Read the answer and worked solution →Each batch may be given what for identification?Read the answer and worked solution →Where can a sudden change of material be made most easily?Read the answer and worked solution →Which benefit is typical of small batch production?Read the answer and worked solution →A fault in batch production causes less loss because batches are what?Read the answer and worked solution →Which is a drawback of batch production?Read the answer and worked solution →Items made in small batches tend to carry a higher what?Read the answer and worked solution →Smaller batches need more of what?Read the answer and worked solution →A batch of 500 units costs Rs 45,000 in total. Cost per unit?Read the answer and worked solution →A batch of 400 units has material Rs 20,000, labour Rs 12,000 and overhead Rs 8,000. Unit cost?Read the answer and worked solution →

Worked practice questions

Job costing reports profitability separately for each what?

  1. Share class
  2. Fiscal quarter
  3. Job number
  4. Bank branch
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Correct answer: C. Job number

Each job gets its own number so revenues and expenses can be matched to give profit by job.

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Which of these can be treated as one job in job costing?

  1. The firm's share capital
  2. All plant depreciation
  3. A project for one customer
  4. A whole year of sales
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Correct answer: C. A project for one customer

A job is a specific project done for one customer, a single unit, or a batch of identical units.

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Job costing needs expenses and revenues tagged with what?

  1. Job numbers
  2. Bank codes
  3. Tax codes
  4. Employee grades
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Correct answer: A. Job numbers

Tagging every expense and revenue item with a job number lets the system accumulate cost per job.

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More Cost and Management Accounting topics

Cost SheetProcess CostingCost AccountingMarginal CostingEmployee CostInventory ValuationActivity Based CostingBudgets and Budgetary Control