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Cost Accounting MCQs

Cost Accounting MCQs - Topic

Period Costs MCQ with Answers PDF

Solve Period Costs Multiple Choice Questions (MCQ), cost accounting quiz answers PDF with career tests for online courses. Practice accounting concepts Multiple Choice Questions and Answers (MCQs), Period Costs quiz questions bank for online business management classes. "Period Costs MCQ" PDF book: prime costs, manufacturing costs, inventory types, inventoriable cost and period cost test prep for online schools for business management degrees.

"The period cost, which consists the income statement of manufacturing companies belong to" Multiple Choice Questions (MCQ) on period costs with choices inventory costs, product costs, non-manufacturing costs, and manufacturing costs for online business management classes. Practice period costs quiz questions for merit scholarship test and certificate programs for free online classes.

MCQs on Period Costs

1.

The period cost, which consists the income statement of manufacturing companies belong to

inventory costs
product costs
non-manufacturing costs
manufacturing costs

2.

The costs which are considered as expenses in the accounting period are also known as

inventory costs
period costs
timed costs
labor overheads

3.

The master budget, which is based on the planned output level at the start of budget period is considered as

static budget
varied budget
marketing budget
methodological budget

4.

In the income statement of merchandising costs, the period cost includes all costs which are not related to

cost of resale goods
cost of manufacturing goods
timed resale of goods
cost of purchased goods