DELTA STATE POLYTECHNIC, OTEFE- OGHARA

COST ACCOUNTING TEST

FIRST SEMESTER 2019/2020 SESSION
1)________Focuses on internal reporting but ________ focuses on reporting to external parties
2) State five purpose of Cost accounting
3) State five differences between Cost accounting and financial accounting
4) CIMA define Management accounting as ____________
5) A supervisor salary of #100,000 per month is an example of_________
6) A hospital requires one nurse for each ten patient. This is an example of________
7) Allocation, function of equipment in respect of which cost may be ascertain for a Unit
Control is___
8) What method is used in sharing cost which cannot be directly allocated to Cost centre.
9) In an Organisational context the control unit would be______________
10) _____ is the amount of expenditure incurred on or attributable to a specific activity or thing
11) Semi Variable contain both______ & ___________ components
12) _______is the formal request to a supplier for the purchases of goods
13) A document request for materials to be bought is called__________
14) Give the formula for Re-order level
15) Minimum stock or safety stock is otherwise called__________
16) State the formula for maximum stock level

DELTA STATE POLYTECHNIC, OTEFE- OGHARA

COST ACCOUNTING TEST
FIRST SEMESTER 2019/2020 SESSION
1) State five differences between Cost accounting and financial accounting
2) State five purpose of Cost accounting
3) State the formula for maximum stock level
4) Allocation, function of equipment in respect of which cost may be ascertain for a Unit
Control is___
5) ________Focuses on internal reporting but ________ focuses on reporting to external
parties
6) A supervisor salary of #100,000 per month is an example of_________
7) A hospital requires one nurse for each ten patient. This is an example of________
8) Semi Variable contain both______ & ___________ components
9) What method is used in sharing cost which cannot be directly allocated to Cost centre.
10) In an Organisational context the control unit would be______________
11) _____ is the amount of expenditure incurred on or attributable to a specific activity or thing
12) Give the formula for Re-order level
13) _______is the formal request to a supplier for the purchases of goods
14) A document request for materials to be bought is called__________
15) Minimum stock or safety stock is otherwise called__________
16) CIMA define Management accounting as ____________