Bachelor Of Business Administration

Cost Accounting MCQs

BBA: Cost Accounting MCQs - Subtopic

Process Costing System MCQ with Answers

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

MCQs on Process Costing System

1.

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

2.

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

3.

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

4.

The fifth step in process costing system is to

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

5.

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