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Process Costing MCQ Questions and Answers PDF Download eBook - 1

Practice Process Costing Multiple Choice Questions and Answers PDF, process costing MCQs with answers PDF worksheets, cost accounting test 1 for online college programs. Learn transferred in costs: process costing MCQs, "Process Costing" quiz questions and answers for admission and merit scholarships test. Learn transferred in costs: process costing, process costing system, weighted average method career test for online college courses.

"The cost of previous department is a part of" Multiple Choice Questions (MCQ) on process costing with choices transferred-out costs, transferred-in costs, fifo costs, and lifo costs for online bachelor's degree in business administration. Practice transferred in costs: process costing quiz questions for jobs' assessment test and online courses for accredited online business administration degree. Transferred In Costs: Process Costing Video

MCQs on Process Costing Quiz PDF Download eBook

MCQ: The cost of previous department is a part of

  1. transferred-in costs
  2. transferred-out costs
  3. FIFO costs
  4. LIFO costs

A

MCQ: The total costs incur in a production process, is divided by total number of output units, to calculate the

  1. cost of indirect labor
  2. cost of direct labor
  3. cost of direct material
  4. unit costs

D

MCQ: If the beginning work in process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and ending work in process equivalent units are 5000, then complete equivalent units in current period are

  1. 1800 units
  2. 1500 units
  3. 1300 units
  4. 1500 units

C

MCQ: A unit cost calculated in costing system, by assigning total costs incurred to many similar units is categorized as

  1. accounting period costing system
  2. process costing system
  3. job costing system
  4. none of above

B

MCQ: If the beginning work in process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and units completed in current period are 4000, then ending work in process equivalent units will be

  1. 1800 units
  2. 2300 units
  3. 10300 units
  4. 1500 units

B

Cost Accounting App (Apple App Store)
Cost Accounting App (Apple App Store)
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Cost Accounting App (Google Play Store)