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MBA Cost Accounting Exam Prep: Practice Test 4 (Chapter 28)

Process Costing Notes Questions & Answers PDF Download - 4

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The Process Costing Notes Questions and Answers PDF (Process Costing Quiz Answers PDF e-Book) download Ch. 28-4 to study MBA Cost Accounting Course. Solve Process Costing System MCQs, Process Costing quiz questions and answers PDF for bachelors degree online. The Process Costing Notes App Download: Free MBA Cost Accounting Notes App to study operation costing, weighted average method, transferred in costs: process costing career test for online business administration colleges.

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Process Costing Test Questions and Answers PDF Download: MCQ 4

MCQ: 16

The third 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: 17

The hybrid costing system, which is applied to batches of similar products, but are not identical is classified as

  1. incremental costing system
  2. split off costing system
  3. inventoriable costing system
  4. operation costing system
MCQ: 18

The costing system, which classify cost into cost categories in a way when an expense is incurred in the process is called

  1. conversion expense costing system
  2. inventory costing system
  3. process costing system
  4. job costing system
MCQ: 19

Total cost related to work in process inventory is divided by total units of work done is used to calculate

  1. Gross weighted margin
  2. weighted average revenue
  3. weighted average cost
  4. weighted average conversion cost
MCQ: 20

The costing system, which is a combination of process costing and job costing system, is classified as

  1. weighted costing system
  2. average costing system
  3. hybrid costing system
  4. double costing system

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Process Costing Notes App (Android & iOS)

Process Costing Notes App

Cost Accounting Notes App (iOS & Android)

Cost Accounting Notes App

Financial Management Notes App (iOS & Android)

Financial Management Notes App

Human Resource Management (BBA) Notes App (Android & iOS)

Human Resource Management (BBA) Notes App