BBA: Finance Courses

Chapter 28: MBA Cost Accounting Exam Tests

MBA Cost Accounting MCQs - Chapter 28

Process Costing Quiz Questions and Answers PDF - 3

The e-Book Process Costing Quiz Questions, Process Costing quiz answers PDF, test 3 to learn online MBA Cost Accounting Course. Practice Weighted Average Method MCQs, Process Costing MCQ questions and answers PDF to prepare for job interview. The Process Costing Quiz App Download: Free learning app for process costing system, operation costing, wam and spoilage career test for online business administration courses.

The Quiz: Costing method, which calculates per equivalent unit cost of all the production related work done, till calculated date is termed as; "Process Costing" App Download iOS & Android (Free) with answers net present value method, weighted average method, gross production method and net present value method for online accounting masters programs. Study weighted average method quiz questions, download Amazon eBook (Free Sample) for general business degree online.

Process Costing Questions & Answers PDF Download: MCQ Quiz 3

MCQ 11: The costing method, which calculates per equivalent unit cost of all the production related work done, till calculated date is termed as

A) weighted average method
B) net present value method
C) Gross production method
D) net present value method

MCQ 12: The second step in processing costing system is to

A) summarize total costs
B) compute cost for each equivalent unit
C) summarize flow of output
D) compute output in units

MCQ 13: The standardized technique that is performed repetitively on different kind of materials to convert them into different finished products is known as

A) conversion process
B) operation
C) hybridization
D) both a and b

MCQ 14: If the total incurred cost in a production process are $30000 and the number of output units are 5000 units, then the units cost will be

A) $16
B) $60
C) $6
D) $26

MCQ 15: If the cost incurred for work in process inventory is $350000 and total equivalent units completed till date are 3500, then weighted average cost will be

A) $10
B) $100
C) $1,000
D) $1,200

Process Costing Learning App & Free Study Apps

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Process Costing App (Android & iOS)

Process Costing App (Android & iOS)

Cost Accounting App (Android & iOS)

Cost Accounting App (Android & iOS)

Business Statistics App (Android & iOS)

Business Statistics App (Android & iOS)

Marketing Management App (Android & iOS)

Marketing Management App (Android & iOS)