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CA Inter Job Costing — practice questions — page 2

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 31–51 of 51.

A batch of 200 units cost Rs 30,000. Ten units are worthless scrap. The rest sell at Rs 200 each. Profit?Read the answer and worked solution →Job costing may assess the cost of goods made in what form?Read the answer and worked solution →Job production is also called what?Read the answer and worked solution →Which method completes one job before starting the next?Read the answer and worked solution →Besides batch and mass production, what is the third main production method?Read the answer and worked solution →Fabrication shops doing mostly one-off work are called what?Read the answer and worked solution →Which is a key benefit of job production?Read the answer and worked solution →Job production generally requires which kind of labour?Read the answer and worked solution →What must be set out clearly for job production?Read the answer and worked solution →Unit cost equals total cost divided by what?Read the answer and worked solution →In cost-plus pricing, total cost is the sum of which two items?Read the answer and worked solution →Fixed costs are Rs 40,000 and variable costs Rs 60,000 for 2,000 units. Unit cost?Read the answer and worked solution →Unit cost is Rs 250 and the markup is 8 percent of cost. Selling price?Read the answer and worked solution →The markup in cost-plus pricing is meant to give what?Read the answer and worked solution →Cost-plus pricing is uncommon in which kind of market?Read the answer and worked solution →Which of these is a direct material?Read the answer and worked solution →Lubricants used to keep machines running are classed as what?Read the answer and worked solution →How are indirect costs assigned to cost objects?Read the answer and worked solution →Depreciation of factory equipment is classed as which overhead?Read the answer and worked solution →How does factory rent behave as output changes?Read the answer and worked solution →Cost accounting is mainly concerned with information for whom?Read the answer and worked solution →

Worked practice questions

A batch of 200 units cost Rs 30,000. Ten units are worthless scrap. The rest sell at Rs 200 each. Profit?

  1. Rs 10,000
  2. Rs 7,500
  3. Rs 6,000
  4. Rs 8,000
Show answer and solution

Correct answer: D. Rs 8,000

Sales are 190 x 200 = 38,000, and 38,000 - 30,000 = 8,000 profit.

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Job costing may assess the cost of goods made in what form?

  1. Daily averages
  2. Continuous flow
  3. Discrete batches
  4. Annual totals
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Correct answer: C. Discrete batches

Job costing covers construction jobs and goods made in discrete batches.

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Job production is also called what?

  1. Jobbing production
  2. Flow production
  3. Lean production
  4. Mass production
Show answer and solution

Correct answer: A. Jobbing production

Job production is also known as jobbing or one-off production.

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How to practise

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More Cost and Management Accounting topics

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