BBA Cost Accounting MCQs – Practice Test 2 (Chapter 28)

Process Costing MCQ with Answers PDF Download – Test 2

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Process Costing MCQ – Practice Test 2 PDF Download

MCQ 6: The first step in process costing system is to:

summarize flow of output
compute output in units
summarize total costs
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:

partial work costs
transferred-in costs
transferred-out costs
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:

partial inventory costing method
current period inventory method
Last-in, first-out method
First-in, first-out method

MCQ 9: The fifth step in process costing system is to:

allocate separable costs
allocate joint costs
compute gross margin
assign total cost to completed units

MCQ 10: The forth step in process costing system is to:

summarize total costs
compute cost for each equivalent unit
summarize flow of output
compute output in units

BBA Cost Accounting Notes App & e-Book – Process Costing Exam Prep

Cost Allocation, Customer Profitability and Sales Variance Analysis MCQs

Capital Budgeting and Cost Benefit Analysis MCQs

Accounting Concepts MCQs

Spoilage, Rework and Scrap MCQs

Direct Cost Variances and Management Control MCQs

Balanced Scorecard and Strategic Profitability Analysis MCQs

Job Costing MCQs

Cost Allocation: Joint Products and Byproducts MCQs

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