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

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Download the "Accounting Concepts MCQs" App: Labor related to the manufacturing of the product can be classified under; MCQ 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

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