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MBA Cost Accounting Cerification Guide: Practice Test 3 (Chapter 28)

Process Costing Quiz Questions & Answers PDF Download - 3

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The Process Costing Quiz Questions and Answers PDF (Process Costing Quiz PDF e-Book) download Ch. 28-3 to learn MBA Cost Accounting Course. Practice Weighted Average Method MCQs, Process Costing MCQ questions and answers PDF for online business administration courses. The Process Costing Quiz App Download: Free MBA Cost Accounting Quiz App to learn process costing system, operation costing, wam and spoilage career test for general business degree online.

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Process Costing Exam Questions and Answers PDF Download: Test 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

  1. weighted average method
  2. net present value method
  3. Gross production method
  4. net present value method
MCQ: 12

The second step in processing 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
MCQ: 13

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

  1. conversion process
  2. operation
  3. hybridization
  4. 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

  1. $16
  2. $60
  3. $6
  4. $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

  1. $10
  2. $100
  3. $1,000
  4. $1,200

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Process Costing Quiz App (Android & iOS)

Process Costing Quiz App

Cost Accounting Quiz App (iOS & Android)

Cost Accounting Quiz App

Marketing Principles Quiz App (iOS & Android)

Marketing Principles Quiz App

Financial Management Quiz App (Android & iOS)

Financial Management Quiz App