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Process Costing System MCQs Quiz Online PDF Download eBook

Solve Process Costing System Multiple Choice Questions (MCQ), process costing system quiz answers PDF worksheet, cost accounting practice test for online courses. Learn process costing Multiple Choice Questions and Answers (MCQs), "Process Costing System" quiz questions and answers for business administration and management colleges. Learn 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" Multiple Choice Questions (MCQ) 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. Practice process costing system quiz questions fmerit scholarship test and certificate programs for grad cert business administration. Process Costing System Video

MCQs on Process Costing System PDF Download eBook

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

  1. cost of indirect labor
  2. cost of direct labor
  3. cost of direct material
  4. unit costs

D

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

  1. accounting period costing system
  2. process costing system
  3. job costing system
  4. none of above

B

MCQ: The first step in process costing system is to

  1. summarize flow of output
  2. compute output in units
  3. summarize total costs
  4. compute cost for each equivalent unit

A

MCQ: The fifth step in process costing system is to

  1. allocate separable costs
  2. allocate joint costs
  3. compute gross margin
  4. assign total cost to completed units

D

MCQ: The forth step in process costing system is to

  1. summarize total costs
  2. compute cost for each equivalent unit
  3. summarize flow of output
  4. compute output in units

B