BBA Cost Accounting Exam MCQs – Practice Test 4 (Chapter 28)

Process Costing Notes Questions with Answers PDF – Test 4

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Process Costing Notes Q&A PDF Download – Practice Test 4

MCQ 16: The third 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 17: The hybrid costing system, which is applied to batches of similar products, but are not identical is classified as:

incremental costing system
split off costing system
inventoriable costing system
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:

conversion expense costing system
inventory costing system
process costing system
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:

Gross weighted margin
weighted average revenue
weighted average cost
weighted average conversion cost

MCQ 20: The costing system, which is a combination of process costing and job costing system, is classified as:

weighted costing system
average costing system
hybrid costing system
double costing system

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

Activity based Costing and Management MCQs

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Inventory Management, Just in Time and Costing Methods MCQs

Balanced Scorecard and Strategic Profitability Analysis MCQs

Management Control Systems and Multinational Considerations MCQs

Financial Ratios Analysis MCQs

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