JOB AND BATCH COSTING
Quiz by Wan Marini Izayu Mahat
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- Q1
Job costing is used when a business entity carries out tasks or jobs to meet specific customer orders.
True
False
10s - Q2
Following are example of businesses which use job costing, EXCEPT:
Car workshop
Printing shop
Construction company
Automobile shop
10s - Q3
Which of the following best describe the characteristic of a job costing?
Job is done in mass production
Job produces similar outputs in bulk
Job is done more than one year
Job is done based on customer's requirement
20s - Q4
Which of the following equation is correct?
Selling price = Total cost - Profit
Selling price = Total cost + Profit
Total cost = Selling price + Profit
Profit = Selling price + Total Cost
20s - Q5
Determine the profit if total cost is RM1,000 and it is mark-up at 10% on cost.
RM900
RM1100
RM100
RM111
20s - Q6
A company's total cost is RM1,200. Determine the company's profit if it sets the profit 20% on selling price.
RM240
RM300
RM1500
RM1240
20s - Q7
Determine the overhead absorption rate for cost centre C.
RM1.75 per labour hour
RM1.75 per machine hour
RM0.98 per machine hour
RM0.98 per labour hour
20s - Q8
Total cost = RM2000
Profit is set up at 10% mark-up.
How much is the selling price?
RM200
RM2200
RM1800
RM2000
20s - Q9
Total cost = RM2000
How much is the selling price if the margin is sets at 20%?
RM2000
RM500
RM2500
RM10,000
20s
