BBA Cost Accounting MCQs (BBA Finance) From Textbook

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BBA Cost Accounting Exam MCQs – Practice Test 4 (Chapter 15)

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The Department Costs, Common Costs and Revenues Notes Questions and Answers PDF (Department Costs, Common Costs and Revenues Quiz Answers PDF e-Book) download Ch. 15-4 to study BBA Cost Accounting Course. Solve Allocating Costs: Operating Departments MCQs, Department Costs, Common Costs and Revenues quiz questions and answers PDF to learn online MBA accounting courses. The Department Costs, Common Costs and Revenues Notes App Download: Free BBA Cost Accounting App to study common costs, revenue allocation methods, allocating costs: multiple support departments, revenue allocation and bundled products career test for online bachelor's degree in business management.

The MCQ: The department which directly adds value to product or service is known as; "Department Costs, Common Costs and Revenues Notes" App APK Download with answers: operating department, production department, and allocation base department to learn online MBA accounting courses. Practice Period Costs Quiz Questions, download Kobo e-Book (Free Chapter) to learn online MBA accounting courses.

Department Costs, Common Costs & Revenues MCQs – Practice Test 4 PDF Download

MCQ: 16

The department which directly adds value to product or service is known as

  1. production department
  2. operating department
  3. allocation base department
  4. both a and b
MCQ: 17

According to incremental method, the party which receives the highest ranking in allocation of common cost is classified as

  1. Third incremental party
  2. second incremental party
  3. primary party
  4. First incremental party
MCQ: 18

The method of revenue allocation, which ranks products included in bundle according to predetermined criteria of management is known as

  1. step down allocation method
  2. stand-alone revenue allocation method
  3. incremental revenue allocation method
  4. revenue mix allocation method
MCQ: 19

The method, which allocates cost of support department for operating departments by recognizing all the mutual services provided is classified as

  1. indirect method
  2. direct method
  3. step down method
  4. reciprocal method
MCQ: 20

The package which consists of two or more products to be sold for single price, but components of products in package have separate stand-alone price is called

  1. step down product
  2. dual mix product
  3. bundled product
  4. reciprocal product

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