Accounting Concepts MCQs App | BBA Cost Accounting MCQs e-Book PDF | 5
BBA Cost Accounting MCQs (BBA Finance) From Textbook

BBA Cost Accounting Competitive Exam MCQs – Practice Test 5 (Chapter 1)

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Accounting Concepts MCQs – Practice Test 5 PDF Download

MCQ 21: The costs which are considered as expenses in the accounting period are also known as:

  1. inventory costs
  2. period costs
  3. timed costs
  4. labor overheads

MCQ 22: The health care premium for workers and the pension costs are included in:

  1. payroll fringe costs
  2. health costs
  3. premium costs
  4. workers costs

MCQ 23: All the costs, which are assigned to manufactured products for specific calculations are classified as:

  1. contracting costs
  2. product cost
  3. government costs
  4. marketing costs

MCQ 24: If the direct material cost is $5500 and the prime cost is $25000, then the direct manufacturing labor would be:

  1. $19,500
  2. $30,500
  3. $45,500
  4. $22,500

MCQ 25: The direct manufacturing labor costs is $40000 and manufacturing overhead cost is $7000, then conversion cost would be:

  1. $47,000
  2. $33,000
  3. $57,000
  4. $18,000

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