Question Papers For Board Examinations 2018

Class – XII

Subject – Cost Accounting

Subject :- Cost Accounting

Class : XII

Year : 2018

General Instructions :

• Please check that this question paper contains 11 printed pages. 
• Code number given on the right hand side of the question paper should be written on the title page of the answer-book by the candidate.
• Please check that this question paper contains 28 questions.
• Please write down the Serial Number of the question before attempting it.
• 15 minute time has been allotted to read this question paper. The question paper will be distributed at 10.15 a.m. From 10.15 a.m. to 10.30 a.m., the students will read the question paper only and will not write any answer on the answer-book during this period.   

Questions No. 1 to 10 are Multiple Choice Questions. Choose the correct option out of the given options and write the same in your answer-sheet. 

1.Contract costing is used when
(a) A single product is mass produced
(b) The work is done on no profit no loss basis
(c) A big long-term job is carried out at the site 

2.The following is a suitable method of costing for flour mills :
(a) Operating costing
(b) Output costing
(c) Contract costing

3.While reconciling the cost and financial accounts, if costing profit is taken
as the base, then the items to be added to costing profit are
(a) Amount by which the opening inventory is overvalued in cost accounts and items of income included in financial accounts only.
(b) Amount by which the opening inventory is undervalued in cost accounts and items of expenditure included in financial accounts only.
(c) Amount by which the closing inventory is overvalued in cost accounts and under-absorption of overheads in cost accounts. 

4.Contract costing is not used in one of the following industries :
(a) Ship building
(b) Brick making
(c) Building roads

5.Single or output costing is used to calculate
(a) The cost per unit of the manufactured goods
(b) Cost of a service provided
(c) Cost of a contract on its completion

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Courtesy: CBSE