Process Costing System Quiz with Answers PDF Download – Test 165

MCQ 821: If the total incurred cost in a production process are $30000 and the number of output units are 5000 units, then the units cost will be:

1. $16
2. $60
3. $6
4. $26

MCQ 822: The quantity of manufactured goods are sold at which the total cost equal, is known as:

1. breakeven point
2. cost point
3. revenue point
4. quantity point

MCQ 823: In costing of project, the wages paid to workers for the unproductive work at the time of material shortage is termed as:

1. indirect wages
2. health wages
3. idle time wages
4. shortage time wages

MCQ 824: An amount of spoilage that is natural in any particular production process is classified as:

1. normal scrap
2. normal spoilage
3. abnormal spoilage
4. weighted spoilage

MCQ 825: The method of revenue allocation, which ranks products included in bundle according to predetermined criteria of management is known as:

1. step down allocation method
2. stand-alone revenue allocation method
3. incremental revenue allocation method
4. revenue mix allocation method