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Cost Accounting MCQs

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Process Costing System MCQ with Answers PDF

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Process Costing System Multiple Choice Questions (MCQ), Process Costing System quiz answers PDF with cost accounting live worksheets for online degrees. Solve process costing Multiple Choice Questions and Answers (MCQs), Process Costing System quiz questions for business administration and management colleges. Process Costing System Interview Questions PDF: weighted average method, process costing system, transferred in costs: process costing test prep for online business administration school.

"The total costs incur in a production process, is divided by total number of output units, to calculate the" MCQ PDF on process costing system with choices cost of indirect labor, cost of direct labor, cost of direct material, and unit costs for business administration and management colleges. Solve process costing system quiz questions for merit scholarship test and certificate programs for grad cert business administration.

MCQs on Process Costing System Quiz

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

cost of indirect labor
cost of direct labor
cost of direct material
unit costs

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

accounting period costing system
process costing system
job costing system
none of above

MCQ: The first 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: The fifth step in process costing system is to

allocate separable costs
allocate joint costs
compute gross margin
assign total cost to completed units

MCQ: The forth step in process costing system is to

summarize total costs
compute cost for each equivalent unit
summarize flow of output
compute output in units

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Process Costing System Interview Questions

The total costs incur in a production process, is divided by totalIn an activity based cost system; an activity/unit of work or taskIf the budgeted input price is $50, the price variance is $30 then an actual price will beThe kind of costs that has been occurred in past are also known asIf the contribution margin per unit is $5000, the selling price isIf the actual selling price is $500, actual result is $250 and