Period Costs Multiple Choice Questions (MCQ) PDF Download

MCQ 1: The period cost, which consists the income statement of manufacturing companies belong to

1. inventory costs
2. product costs
3. non-manufacturing costs
4. manufacturing costs

MCQ 2: The costs which are considered as expenses in the accounting period are also known as

1. inventory costs
2. period costs
3. timed costs
4. labor overheads

MCQ 3: The master budget, which is based on the planned output level at the start of budget period is considered as

1. static budget
2. varied budget
3. marketing budget
4. methodological budget

MCQ 4: In the income statement of merchandising costs, the period cost includes all costs which are not related to

1. cost of resale goods
2. cost of manufacturing goods
3. timed resale of goods
4. cost of purchased goods