BBA Cost Accounting MCQs – Practice Test 1 (Chapter 1)

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Study Accounting Concepts Multiple Choice Questions (MCQs) with Answers PDF for remote academic learning. Download the Accounting Concepts MCQs PDF e-Book, Ch. 1-1 to study BBA Cost Accounting Course. Practice Inventory Types, Inventoriable Cost and Period Cost MCQs, Accounting Concepts Notes questions and answers PDF to manage online study. Download the Accounting Concepts MCQs App: Free BBA Cost Accounting Learning App to study manufacturing costs, prime costs, conversion costs career test for accounting online workshops.

Free "Accounting Concepts MCQs" App Download with MCQ: Labor related to the manufacturing of the product can be classified under; with answers: indirect manufacturing labor costs, direct manufacturing labor costs, work in process cost, and finished costs. Solve Contribution Margin versus Gross Margin Quiz Questions, download Google e-Book (Free Chapter) for remote academic learning.

Accounting Concepts MCQs – Practice Test 1 PDF Download

MCQ 1: The labor related to the manufacturing of the product can be classified under:

direct manufacturing labor costs
indirect manufacturing labor costs
work in process cost
finished costs

MCQ 2: The direct material costs are added into direct manufacturing costs, to calculate:

discuss costs
prime costs
resale cost
merchandise costs

MCQ 3: The direct manufacturing labor costs is added into manufacturing overhead cost to calculate:

transaction costs
conversion costs
resale costs
merchandise costs

MCQ 4: In cost terms, the direct manufacturing labor cost is included in:

manufacturing costs
prime costs
conversion costs
both B and C

MCQ 5: The conversion cost is $2000 and the manufacturing overhead cost is $7000, then the direct manufacturing labor cost will be:

$27,000
$13,000
$130,000
$29,500

BBA Cost Accounting MCQs App & e-Book – Accounting Concepts Study Guide

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