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Cost Accounting MCQs

Cost Accounting MCQs - Subtopic

Building Block Concepts of Costing Systems MCQ with Answers PDF

Solve Building Block Concepts of Costing Systems Multiple Choice Questions (MCQ), cost accounting quiz answers PDF with career test for online courses. Practice job costing Multiple Choice Questions and Answers (MCQs), Building Block Concepts of Costing Systems quiz questions and answers for online colleges for business administration. "Building Block Concepts of Costing Systems MCQ" PDF book: building block concepts of costing systems, budget indirect costs and end of financial year, indirect costs allocation, normal costings test prep for business administration and management colleges.

"The term which describes the assigning of indirect cost, to any cost object is classified as" Multiple Choice Questions (MCQ) on building block concepts of costing systems with choices cost allocation, sales tracing, sales allocation, and cost tracing for online colleges for business administration. Learn building block concepts of costing systems quiz questions for merit scholarship test and certificate programs for online bachelor's degree in administration.

MCQs on Building Block Concepts of Costing Systems

1.

The term which describes the assigning of indirect cost, to any cost object is classified as

cost allocation
sales tracing
sales allocation
cost tracing

2.

A document which contains information about the materials of specific product, in specific department comes under

costing method
selling method
material acquisition method
none of above

3.

A group of individual indirect cost item is defined as

direct pool
cost pool
indirect pool
item pool

4.

The total indirect cost in the pool by an actual quantity of cost allocation base, is used to calculate

actual manufacturing overhead rate
manufacturing overhead costs
overhead rate
direct rate

5.

The process of assigning the direct or indirect cost to any cost object is known as

cost assignment
cost expectation
event assignment
probability assignment
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