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MBA Cost Accounting Prep Tests

MBA Cost Accounting Tests

The e-Book Process Costing System Multiple Choice Questions (MCQ Quiz), Process Costing System quiz answers PDF to learn online courses, mba cost accounting tests. Study Process Costing Multiple Choice Questions and Answers (MCQs), Process Costing System quiz questions for business administration and management colleges. The e-Book "Process Costing System MCQ" App Download: weighted average method, process costing system, transferred in costs: process costing test prep for online business administration school.

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## Accounting: Process Costing System MCQs

MCQ: The total costs incur in a production process, is divided by total number of output units, to calculate the

A) cost of indirect labor
B) cost of direct labor
C) cost of direct material
D) unit costs

MCQ: A unit cost calculated in costing system, by assigning total costs incurred to many similar units is categorized as

A) accounting period costing system
B) process costing system
C) job costing system
D) none of above

MCQ: The first step in process costing system is to

A) summarize flow of output
B) compute output in units
C) summarize total costs
D) compute cost for each equivalent unit

MCQ: The fifth step in process costing system is to

A) allocate separable costs
B) allocate joint costs
C) compute gross margin
D) assign total cost to completed units

MCQ: The forth step in process costing system is to

A) summarize total costs
B) compute cost for each equivalent unit
C) summarize flow of output
D) compute output in units

### Practice Tests: MBA Cost Accounting Exam Prep

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