MBA Cost Accounting MCQs - Chapter 1

Accounting Concepts Quiz Questions and Answers PDF - 3

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Free Accounting Concepts Quiz Questions and Answers, Accounting Concepts Quiz PDF Download, Book Ch. 1-3 to learn MBA Cost Accounting Online Course. Practice Prime Costs MCQs, Accounting Concepts MCQ questions and answers PDF to prepare for job interview. The Accounting Concepts Quiz App Download: Free learning app for types of inventory, inventory types, inventoriable cost and period cost, period costs career test for online bachelor degree programs in business administration.

The Quiz: Prime cost is $50000 and the direct manufacturing labor is $10000, then the direct material cost will be; "Accounting Concepts" App Download iOS & Android (Free) with answers $60,000, $40,000, $52,000 and $20,000 to learn online BBA courses. Study prime costs quiz questions, download Amazon eBook (Free Sample) to learn free online courses.

Accounting Concepts Questions & Answers PDF Download: MCQ Quiz 3

MCQ 11: The prime cost is $50000 and the direct manufacturing labor is $10000, then the direct material cost will be

$40,000
$60,000
$52,000
$20,000

MCQ 12: An inventory, which consists of partially worked goods is called

direct materials inventory
work in process inventory
finished goods inventory
indirect material inventory

MCQ 13: The balance sheet, in which all the costs of the product that must be considered as its assets, is said to be

factory overhead costs
manufacturing overhead costs
Inventoriable costs
finished costs

MCQ 14: The direct material cost is $75000 and direct manufacturing labor is $20000, then prime cost would be

$55,000
$37,500
$95,000
$26,000

MCQ 15: The period cost, which consists the income statement of manufacturing companies belong to

inventory costs
product costs
non-manufacturing costs
manufacturing costs

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