MBA Cost Accounting MCQs - Chapter 1

Accounting Concepts Multiple Choice Questions (MCQ Quiz) PDF - 1

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The Book Accounting Concepts Multiple Choice Questions and Answers (MCQs) PDF, Accounting Concepts quiz answers, test 1 to study online MBA Cost Accounting Course. Practice Inventory Types, Inventoriable Cost and Period Cost MCQs, Accounting Concepts trivia questions and answers PDF to prepare for job interview. The eBook Accounting Concepts MCQs App Download: manufacturing costs, prime costs, conversion costs career test for bachelor's degree in business.

The Multiple Choice Question (MCQ Quiz): The labor related to the manufacturing of the product can be classified under PDF, Accounting Concepts App Download (Free) with indirect manufacturing labor costs, direct manufacturing labor costs, work in process cost, and finished costs choices for online school of business administration. Solve inventory types, inventoriable cost and period cost quiz questions, download Google eBook (Free Sample) to learn online certificate courses.

Accounting: Accounting Concepts MCQs Questions PDF Download

MCQ: The labor related to the manufacturing of the product can be classified under

A) direct manufacturing labor costs

B) indirect manufacturing labor costs

C) work in process cost

D) finished costs

MCQ: The direct material costs are added into direct manufacturing costs, to calculate

A) discuss costs

B) prime costs

C) resale cost

D) merchandise costs

MCQ: The direct manufacturing labor costs is added into manufacturing overhead cost to calculate

A) transaction costs

B) conversion costs

C) resale costs

D) merchandise costs

MCQ: In cost terms, the direct manufacturing labor cost is included in

A) manufacturing costs

B) prime costs

C) conversion costs

D) both B and C

MCQ: The conversion cost is $2000 and the manufacturing overhead cost is $7000, then the direct manufacturing labor cost will be

A) $27,000

B) $13,000

C) $130,000

D) $29,500

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