MBA Cost Accounting Online Tests
Process Costing System MCQ (Multiple Choice Questions) PDF Download
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The MCQ: A unit cost calculated in costing system, by assigning total costs incurred to many similar units is categorized as; "Process Costing System" App Download (Free) with answers: Accounting period costing system; Process costing system; Job costing system; for online accounting certificate programs. Practice Process Costing System Quiz Questions, download Apple eBook (Free Sample) for business administration degree courses.
Process Costing System MCQ (PDF) Questions Answers Download
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
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
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
The fifth step in process costing system is to
- allocate separable costs
- allocate joint costs
- compute gross margin
- assign total cost to completed units
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
MBA Cost Accounting Practice Tests
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Cost Accounting MCQs eBook Download
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Business Statistics MCQ Questions
- If for a distribution difference of first quartile and median is less than difference of median and third quartile then distribution is classified as
- Measure of variation which is useful for highly skewed distribution is
- Procedure of selecting desired portion from population which describes characteristics of whole population is
- In arithmetic mean, sum of deviations of all recorded observations must always be
- If a brown sack consists of 4 white balls and 3 black balls then probability of one randomly drawn ball will be white is
Process Costing System MCQs Book Questions
- In two of methods of costing, operating income will be different if
- Total capacity of producing output, while operating at full efficiency is known as
- If value of final sales is $48000 and net realizable value is $35000, then value of sales costs would be
- Second step, in constant gross margin percentage Net Realizable Value (NRV) method, to allocate joint cost is to compute
- Target price is subtracted from per unit target operating income to calculate