BSNL Upgradation Exam

a. The process of accounting for costs

b. The process of controlling the various costs of doing business

c. The process of controlling the general management strategies

d. The process of reducing the costs of doing business

a. The unit of production of goods

b. The unit of rendering services

c. The unit selected with a view to accumulating all costs

d. The unit of time in relation to which costs can be expressed

a. Mode of presentation

b. Objectives

c. Recording

d. All of the above

a. The process of splitting up an item of cost

b. The process of charging the full amount of cost to a particular cost center

c. The process of charging the partial amount of cost to a particular cost center

d. The process of charging the cost to a particular unit

a. The process of charging the full amount of cost to a particular cost center

b. The process of splitting up an item of cost and charging it to the cost centers on an equitable basis

c. The process of charging the partial amount of cost to a particular cost center

d. The process of charging the cost to a particular unit

a. The process of splitting up an item of cost

b. The process of charging the full amount of cost to a particular cost center

c. The process of exercising by a variety of techniques like standard costing, budgetary control and quality control

d. The process of charging the cost to a particular unit

a. Ratios and key performance indicators

b. Trend analysis

c. Allocation

d. Apportionment

a. To ascertain and control costs

b. To control the various costs of doing business

c. To control general management strategies

d. To reduce the costs of doing business

a. The process of verifying the cost accounts

b. The process of checking the adherence to the cost accounting plan

c. The process of recording all income and expenditure

d. The process of reducing the costs of doing business

a. The unit of production of goods

b. The unit of rendering services

c. The unit of quantity of product, service or time in relation to which costs can be ascertained

d. The unit of price paid to acquire goods or services

a. Financial presentation

b. Cost presentation

c. Both financial and cost presentation

d. None of the above

A. To reduce the amount of resources used for production

B. To measure the cost of goods or services

C. To increase profits and improve operational efficiency

D. To verify the accuracy of financial accounts

A. Cost allocation is the process of charging the full amount of cost to a cost center, while cost apportionment is the process of splitting up an item of cost and charging it to cost centers.

B. Cost allocation is the process of splitting up an item of cost and charging it to cost centers, while cost apportionment is the process of charging the full amount of cost to a cost center.

C. Both cost allocation and cost apportionment are the same process

D. None of the above

A. To verify the accuracy of cost accounts and check adherence to the cost accounting plan

B. To control costs through a variety of techniques

C. To measure the cost of goods or services

D. To increase profits and improve operational efficiency

A. Ratios and key performance indicators

B. Trend analysis

C. Both A and B

D. None of the above

A. Cost management is separate and independent from general management strategies.

B. Cost management is an integral part of general management strategies and their implementation.

C. Cost management is a subsidiary of general management strategies.

D. None of the above

a. To maintain cost records according to Cost Accounting Records (Telecommunication) Rules, 2011.

b. To allocate cost of Service Cost Centers to Operation Cost Centers.

c. To determine the cost of different service-products.

d. All of the above.

a. Operation Cost Centers and Service Cost Centers.

b. Primary Cost Centers and Secondary Cost Centers.

c. Marketing Cost Centers and Production Cost Centers.

d. Administrative Cost Centers and Operational Cost Centers.

a. Administration

b. Maintenance

c. Project Execution

d. Internet Service

a. Administration

b. Operation

c. Planning

d. Production of Equipment Maintenance

a. Technology Development

b. Quality Control

c. Equipment & Network Development

d. Software Development

a. Service Cost Center

b. Operation Cost Center

c. Project Cost Center

d. Training Cost Center

a. Administration

b. Operation

c. Production of Equipment Maintenance

d. Material procurement planning

a. Training to employees

b. Technology Development

c. Quality Control

d. Software Development

a. Service Cost Center

b. Operation Cost Center

c. Project Cost Center

d. Training Cost Center

a. Administration

b. Operation

c. Repair & Maintenance of Electronic Equipment

d. Software Development

a. Cost Audit Report Rules, 2011

b. Cost Accounting Records (Telecommunications) Rules, 2002

c. Circular No. 20 (No. 600-22/2002-03/CA dated 31.03.2003)

d. All of the above

a. Clearance of ITI Bills

b. Maintenance of electronic equipment

c. Training to employees

d. Quality Control

A) To record the quantitative information of a service product

B) To record the cost information of a service product

C) To record the asset details of a service product

D) To record the revenue information of a service product

A) Operation Cost Centers

B) Service Cost Centers

C) Administrative offices of BSNL

D) Planning/Development Section

A) Statistical Information and Cost Information

B) Asset Details and Revenue Information

C) Apportionment of Cost and Revenue Information

D) Technical Information and Apportionment of Cost

A) To record the quantitative information of a service product

B) To allocate and apportion operation cost, service cost and other costs to service-products

C) To record the asset details of a service product

D) To record the revenue information of a service product

A) 01

B) 02

C) 03

D) 04

A) 06

B) 07

C) 08

D) 09

A) Operation Cost Centers

B) Service Cost Centers

C) Administrative offices of BSNL

D) Planning/Development Section

A) Operation Cost Centers

B) Service Cost Centers

C) Administrative offices of BSNL

D) Planning/Development Section

A) To record the assets of a service product

B) To allocate and apportion operation cost, service cost and other costs to service-products

C) To adjust cost variances when Standard Costing is used

D) To record the details of transactions with related parties

A) 11

B) 12

C) 13

D) 14

A) 05

B) 06

C) 07

D) 08

A) 07

B) 08

C) 09

D) 10

A) 01

B) 02

C) 04

D) 05

A) 98

B) 99

C) 100

D) 101

a. Cost of material of any nature used for the purpose of production of a product or service

b. Payment made to employees for their services

c. Expenses other than material or labor cost

Answer: a. Cost of material of any nature used for the purpose of production of a product or service

a. Cost of material of any nature used for the purpose of production of a product or service

b. Payment made to employees for their services

c. Expenses other than material or labor cost

d. None of these

a. Cost of material of any nature used for the purpose of production of a product or service

b. Payment made to employees for their services

c. Expenses other than material or labor cost

d. None of these

a. Expenditure that can be allocated to a cost center or cost object by economically feasible way

b. Expenditure that cannot be allocated to a cost center or cost object by economically feasible way

c. Cost incurred in the production of a product or service

d. None of these

a. Expenditure that can be allocated to a cost center or cost object by economically feasible way

b. Expenditure that cannot be allocated to a cost center or cost object by economically feasible way

c. Cost incurred in the production of a product or service

d. None of these

a. Cost of all items involved in the production of a product or service

b. Costs incurred for the general management of an organization

c. Costs incurred for conducting research and development

d. None of these

a. Cost of all items involved in the production of a product or service

b. Costs incurred for the general management of an organization

c. Costs incurred for conducting research and development

d. None of these

a. Cost of all items involved in the production of a product or service

b. Costs incurred for the general management of an organization

c. Costs incurred for conducting research and development

d. None of these

a. Indirect costs related to selling of products or services

b. Direct costs related to selling of products or services

c. Costs incurred in handling a product from the time it is completed in the work to the time it reaches the ultimate consumer

d. None of these

a. Indirect costs related to selling of products or services

b. Direct costs related to selling of products or services

c. Costs incurred in handling a product from the time it is completed in the work to the time it reaches the ultimate consumer

d. None of these

a) Material Cost

b) Labor Cost

c) Indirect Cost

d) Distribution Cost

a) Production Cost

b) Indirect Cost

c) Fixed Cost

d) Variable Cost

a) Direct Costs

b) Variable Costs

c) Indirect Costs

d) Semi-variable Costs

a) Cost of all items involved in production or service

b) Expenses incurred for general management of an organization

c) Cost of undertaking research to improve quality or develop new product

d) Indirect costs related to selling of products or services

a) Fixed Cost

b) Variable Cost

c) Semi-variable Cost

d) Production Cost

a) Fixed Cost

b) Variable Cost

c) Semi-variable Cost

d) Production Cost

a) The cost relevant for a specific purpose or situation

b) The value of the alternatives foregone by adopting a particular strategy or employing resources in a specific manner

c) The aggregate of variable costs i.e. prime cost plus variable overhead

d) The cost of idle plant

a) The cost relevant for a specific purpose or situation

b) The value of the alternatives foregone by adopting a particular strategy or employing resources in a specific manner

c) The aggregate of variable costs i.e. prime cost plus variable overhead

d) The cost of idle plant

a) Costs relevant for a specific purpose or situation

b) Costs of idle plant

c) Fixed costs

d) Standard costs

a) Costs relevant for a specific purpose or situation

b) Costs of idle plant

c) Inescapable costs

d) Costs incurred when operation is suspended temporarily

a) Costs which under given conditions of performance efficiency should not have been incurred

b) Inescapable costs

c) Historical costs

d) Fixed costs

a) Costs which under given conditions of performance efficiency should not have been incurred

b) Inescapable costs

c) Historical costs

d) Fixed costs

a) Actual costs of acquiring assets or producing goods or services

b) A predetermined norm applied as a scale of reference for assessing actual cost

c) Aggregate of variable costs i.e. prime cost plus variable overhead

d) The cost relevant for a specific purpose or situation

a. The cost of labor

b. The cost of expenses

c. The cost of materials used in production

d. The cost of research and development

a. The cost of material

b. The cost of expenses

c. The cost of labor

d. The cost of distribution

a. Costs involved in any activity other than material or labor cost

b. Costs of research and development

c. Direct costs involved in production

d. Indirect costs related to sales management

a. Cost that can be allocated to a cost center or object by an economically feasible way

b. Cost that cannot be allocated to a cost center or object

c. Cost involved in general management of an organization

d. Cost incurred in handling a product from the time it is completed in the works until it reaches the ultimate consumer

a. Cost that can be allocated to a cost center or object by an economically feasible way

b. Cost that cannot be allocated to a cost center or object

c. Cost involved in general management of an organization

d. Cost incurred in handling a product from the time it is completed in the works until it reaches the ultimate consumer

a. The cost of all items involved in the production of a product or service

b. The cost of administration

c. The cost of research and development

d. The cost of distribution

a. The cost of all items involved in the production of a product or service

b. The cost of administration

c. The cost of research and development

d. The cost of distribution

a. The cost of all items involved in the production of a product or service

b. The cost of administration

c. The cost of research and development

d. The cost of distribution

a. Costs involved in any activity other than material or labor cost

b. Costs of research and development

c. Direct costs involved in production

d. Indirect costs related to selling products or services

a. Costs involved in any activity other than material or labor cost

b. Costs of research and development

c. Direct costs involved in production

d. Costs incurred in handling a product from the time it is completed in the works until it reaches the ultimate consumer

a. Cost that does not vary with the change in the volume of activity in the short run

b. Cost of elements that directly vary with the volume of activity

c. Contains both fixed and variable elements

d. The cost of all items involved in the production of a product or service

a. Cost that does not vary with the change in the volume of activity in the short run

b. Cost of elements that directly vary with the volume of activity

c. Contains both fixed and variable elements

d. The cost of all items involved in the production of a product or service

a. Direct Material Cost

b. Direct Labor Cost

c. Indirect Cost

d. Semi-variable Cost

a. Rent for office space

b. Advertising expenses

c. Cost of raw materials

d. Cost of employee training

a. Direct Material Cost

b. Direct Labor Cost

c. Indirect Cost

d. Distribution Cost

a. Fixed Cost

b. Variable Cost

c. Semi-variable Cost

d. Direct Cost

a. Sunk Cost

b. Historical Cost

c. Avoidable Cost

d. Opportunity Cost

a. Direct Material Cost

b. Direct Labor Cost

c. Indirect Cost

d. Fixed Cost

a. Salary of an accountant

b. Cost of electricity

c. Cost of raw materials

d. Cost of office supplies

a. Direct Material Cost

b. Direct Labor Cost

c. Indirect Cost

d. Administration Cost

a. Salary of a factory supervisor

b. Cost of advertising

c. Cost of raw materials

d. Cost of employee training

a. Production Cost

b. Selling Cost

c. Distribution Cost

d. Research and Development Cost

a. Salary of a production line worker

b. Salary of a machine operator

c. Salary of a factory supervisor

d. Salary of a security guard

a. Direct Material Cost

b. Direct Labor Cost

c. Indirect Cost

d. Research and Development Cost

a. Rent for office space

b. Salary of a production line worker

c. Property taxes

d. Cost of insurance

a. Direct Material Cost

b. Direct Labor Cost

c. Indirect Cost

d. Selling Cost