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Cost Accounts MCQs Quiz Online PDF Download eBook

Solve Cost Accounts Multiple Choice Questions (MCQ), cost accounts quiz answers PDF worksheet, cost accounting practice test for online degree programs. Learn inventory management, just in time and costing methods Multiple Choice Questions and Answers (MCQs), "Cost Accounts" quiz questions and answers for BS degree in business administration. Learn inventory related relevant costs, inventory management and mrp, retail organizations: inventory management test prep for online college classes.

"If an average inventory is 2000 units, annual relevant carrying cost of each unit is $5, then the annual relevant carrying cost will be" Multiple Choice Questions (MCQ) on cost accounts with choices $5,000, $4,500, $5,500, and $6,000 for BS degree in business administration. Practice cost accounts quiz questions for merit scholarship test and certificate programs for online degrees. Cost Accounts Video

MCQs on Cost Accounts PDF Download eBook

MCQ: If an average inventory is 2000 units, annual relevant carrying cost of each unit is $5, then the annual relevant carrying cost will be

  1. $5,000
  2. $4,500
  3. $5,500
  4. $6,000

A

MCQ: The costs associated with storage of finished goods such as spoilage, obsolescence and insurance of goods are classified as

  1. carrying costs
  2. purchasing costs
  3. stock-out costs
  4. ordering costs

A

MCQ: The costs of goods acquired from suppliers are classified as

  1. stock-out costs
  2. ordering costs
  3. carrying costs
  4. purchasing costs

D

MCQ: The costs of issuing purchase orders, making of delivery records for tracking payments and costs of inspection of items are classified as

  1. stock-out costs
  2. ordering costs
  3. carrying costs
  4. purchasing costs

B

MCQ: The relevant ordering costs are added into relevant carrying costs to calculate

  1. relevant total costs
  2. contribution costs
  3. throughput costs
  4. optimized costs

A