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MBA Cost Accounting Entrance Tests: Practice Test 2 (Chapter 28)

Process Costing Multiple Choice Questions (MCQ) PDF Download - 2

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The Process Costing Multiple Choice Questions (MCQ Quiz) with Answers PDF (Process Costing MCQ PDF e-Book) download Ch. 28-2 to learn MBA Cost Accounting Course. Solve Process Costing System Multiple Choice Questions (MCQs), Process Costing quiz with answers PDF to study online classes courses. The Process Costing MCQ App Download: Free MBA Cost Accounting MCQs App to learn transferred in costs: process costing, operation costing career test for online schools for business degrees.

The MCQs: The first step in process costing system is to; "Process Costing" App (Android, iOS) with answers: compute output in units, summarize flow of output, summarize total costs, and compute cost for each equivalent unit to study online classes courses. Practice Period Costs Quiz Questions, download Apple Book (Free Sample) for colleges that offer business administration.

Process Costing MCQs with Answers PDF Download: Quiz 2

MCQ: 6

The first step in process costing system is to

  1. summarize flow of output
  2. compute output in units
  3. summarize total costs
  4. compute cost for each equivalent unit
MCQ: 7

The costs that are incurred in last department, where the product has been processed and will be carried to next department for further processing are called

  1. partial work costs
  2. transferred-in costs
  3. transferred-out costs
  4. weighted average costs
MCQ: 8

In process costing method, when the work done in current accounting period, and beginning inventory before current accounting period, is classified as

  1. partial inventory costing method
  2. current period inventory method
  3. Last-in, first-out method
  4. First-in, first-out method
MCQ: 9

The fifth step in process costing system is to

  1. allocate separable costs
  2. allocate joint costs
  3. compute gross margin
  4. assign total cost to completed units
MCQ: 10

The forth step in process costing system is to

  1. summarize total costs
  2. compute cost for each equivalent unit
  3. summarize flow of output
  4. compute output in units

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