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Inventory Costing Manufacturing Companies Multiple Choice Questions with Answers – PDF Download

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The "Inventory Costing: Manufacturing Companies" App Download [Free] with MCQ: If the production is less than sales so, an operating income under absorption costing will be called; with answers: higher income, zero dividends, negative income value, and lower income for accounting blended courses. Practice Inventory Costing Manufacturing Companies Quiz Questions, download Google e-Book (Free Chapter) to advance remote instruction.

Inventory Costing Manufacturing Companies MCQs PDF Download – Prep Test

MCQ 1: If the production is less than sales so, an operating income under absorption costing will be called:

  1. higher income
  2. zero dividends
  3. negative income value
  4. lower income

MCQ 2: If the inventory level decreases then operating income, under variable costing, will be reported:

  1. more
  2. less
  3. zero
  4. none of above

MCQ 3: If the contribution margin per unit is $5000, the selling price is $1500 and the variable manufacturing cost per unit is $1200, then per unit cost of marketing will be:

  1. $4,200
  2. $2,300
  3. $7,700
  4. $6,700

MCQ 4: The difference between absorption and variable costing is the accountability of:

  1. direct overhead
  2. indirect overhead cost
  3. fixed manufacturing cost
  4. variable manufacturing cost

MCQ 5: The method of inventory costing, in which all variable and fixed manufacturing cost is considered as inventoriable cost can be termed as:

  1. absorption costing
  2. variable costing
  3. fixed costing
  4. manufacturing cost

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