BBA Cost Accounting MCQs – Practice Test 2 (Chapter 1)

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Accounting Concepts MCQ – Practice Test 2 PDF Download

MCQ 6: If the direct service labor is $7000, the idle time wages are $2000 and the overtime premium is $950, then the total figure would be:

$5,850
$5,950
$9,950
$10,050

MCQ 7: The terms used in manufacturing cost systems are:

manufacturing costs
prime costs
conversion costs
both B and C

MCQ 8: The direct service labor is $5000, the idle time wages are $1000 and the overtime premium is $450, then the total figure would be:

$4,450
$6,450
$21,500
$14,300

MCQ 9: In an income statement, when costs become cost of sold goods and manufactured products are sold, such costs are:

inventoriable costs
finished costs
factory overhead costs
manufacturing overhead costs

MCQ 10: The calculation of product cost, gathering information for planning and analyzing information for decisions making are the features of:

information accounting
cost accounting
analyzing accounts
marketing costs

BBA Cost Accounting Notes App & e-Book – Accounting Concepts Exam Prep

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