BBA Cost Accounting Certification MCQs – Practice Test 3 (Chapter 1)

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Study Accounting Concepts Quiz Questions and Answers PDF for digital learning hubs. Download the Accounting Concepts Quiz PDF e-Book, Ch. 1-3 to learn BBA Cost Accounting Course. Practice Prime Costs MCQs, Accounting Concepts MCQ questions and answers PDF for digital learning hubs. Download the Accounting Concepts Quiz App: Free BBA Cost Accounting Learning App to learn types of inventory, inventory types, inventoriable cost and period cost, period costs career test for e education success.

Learn Accounting Concepts Quiz App (Android & iOS) with MCQ: "Prime cost is $50000 and the direct manufacturing labor is $10000, then the direct material cost will be"; with answers: $60,000, $40,000, $52,000, and $20,000. Learn Information & Decision Process Quiz Questions, download Google Book (Free Chapter) for digital learning hubs.

Accounting Concepts Quiz – Practice Test 3 PDF Download

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

BBA Cost Accounting Quiz App & e-Book – Accounting Concepts Certification Guide

Overhead Cost Variances and Management Control MCQs

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Spoilage, Rework and Scrap MCQs

Management Accounting in Organization MCQs

Cost Volume Profit Analysis MCQs

Flexible Budget: Overhead Cost Variance MCQs

Capacity Analysis and Inventory Costing MCQs

Master Budget and Responsibility Accounting MCQs

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