Introduction to Cost Accounting MCQs

Written by True Tamplin, BSc, CEPF®

Reviewed by Subject Matter Experts

Updated on March 26, 2023

To help students prepare for exams and interviews, this quiz contains multiple choice questions (MCQs) on an Introduction to Cost Accounting.

This quiz consists of 9 MCQs with 4 answers for each question. Students need to choose the correct answer to move onto the next question.

If you find it difficult to answer the questions, it is advised that you read about cost accountancy from our cost and management accounting section.

1. Financial accounting is concerned with:
2. The nature of financial accounting is:
3. The main objective of cost accounting is:
4. Cost accounting emerged mainly due to:
5. Who benefits from cost accounting?
6. Cost accounting is applied to:
7. A colliery company uses:
8. Marginal costing is concerned with:
9. A biscuit manufacturing company uses:

Introduction to Cost Accounting MCQs FAQs

About the Author

True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website or view his author profiles on Amazon, Nasdaq and Forbes.