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BBA Cost Accounting MCQs (BBA Finance) From Textbook

BBA Cost Accounting Competitive Exam MCQs – Practice Test 5 (Chapter 21)

Inventory Management, Just in Time and Costing Methods MCQs with Answers PDF Download – Test 5

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Inventory Management, Just in Time & Costing Methods MCQs – Practice Test 5 PDF Download

MCQ 21: The costing system, which omits some of the journal entries in accounting system is known as:

  1. in-time costing
  2. trigger costing
  3. back flush costing
  4. lead time costing

MCQ 22: The decision model to calculate optimal quantity of inventory to be ordered is called:

  1. efficient order quantity
  2. economic order quantity
  3. rational order quantity
  4. optimized order quantity

MCQ 23: The stage in manufacturing cycle at which journal entries are made in system of accountancy is known as:

  1. chaining point
  2. recording point
  3. lead point
  4. trigger point

MCQ 24: If the required rate of return is 12% and the per unit cost of units purchased is $35, then the relevant opportunity cost of capital will be:

  1. $6.20
  2. $7.20
  3. $4.20
  4. $5.20

MCQ 25: The method of costing that supports creation of value for customer by accounting whole value stream, rather than individual departments or products is classified as:

  1. economic accounting
  2. back-flush accounting
  3. lean accounting
  4. lead accounting

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