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

Master Budget and Responsibility Accounting MCQs

Flexible Budget: Overhead Cost Variance MCQs

Balanced Scorecard: Quality, Time and Theory of Constraints MCQs

Cost Allocation: Joint Products and Byproducts MCQs

Direct Cost Variances and Management Control MCQs

Cost Allocation, Customer Profitability and Sales Variance Analysis MCQs

Activity based Costing and Management MCQs

Cost Function and Behavior MCQs

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