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Inventory Costing Methods Multiple Choice Questions PDF p. 125

Inventory Costing Methods multiple choice questions and answers, inventory costing methods quiz answers PDF 125 to learn Cost Accounting course for college certification. Learn Capacity Analysis and Inventory Costing MCQ trivia questions, inventory costing methods Multiple Choice Questions (MCQ) for online college degrees. Inventory Costing Methods Interview Questions PDF: price and efficiency variance, variable and fixed overhead costs, process costing system, cost estimation methods, inventory costing methods test prep for BA in business administration.

"The capacity of the company, which considers the operating interruptions such as holiday shutdown and maintenance time is called" MCQ PDF with choices actual capacity, standard capacity, practical capacity, and theoretical costing for online business administration degree. Solve capacity analysis and inventory costing questions and answers to improve problem solving skills for online business management degree programs.

Inventory Costing Methods Questions and Answers MCQs

MCQ: The capacity of the company, which considers the operating interruptions such as holiday shutdown and maintenance time is called

standard capacity
actual capacity
practical capacity
theoretical costing

MCQ: The method of estimation of cost function, by making the opinions and analysis about cost and cost drivers is classified as

conference method
inference method
pricing method
manufacturing method

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

MCQ: If the variable overhead flexible budget variance is $37000 and the flexible budget amount is $10000, then the actual incurred costs would be

$27,000
$25,000
$47,000
$57,000

MCQ: An efficiency variance is subtracted from actual input quantity to calculate

actual quantity manufactured
budgeted quantity manufactures
budgeted quantity sold
budgeted input quantity