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Subject - Accounting:

Cost and Management Accounting

MCQ - 209-211

Question:

Cost Unit is defined as:

  1. Unit of quantity of product, service or time in relation to which costs may be ascertained or expressed
  2. A location, person or an item of equipment or a group of these for which costs are ascertained and used for cost control.
  3. Centres having the responsibility of generating and maximising profits
  4. A location, person or an item of equipment or a group of these for which costs are ascertained and used for cost control.

Correct Answer: A

Explanation:

Not Required

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355 MCQ for effective preparation of the test of Cost and Management Accounting of Accounting section.

Read the MCQ statement: Cost Unit is defined as: , keenly and apply the method you have learn through the video lessons for Cost and Management Accounting to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 209-211.

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