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Inventory Costing Methods Quizzes Online MCQs PDF Download eBook - 125

Inventory Costing Methods quiz questions, inventory costing methods multiple choice questions and answers PDF 125 to learn accounting course for online certification. Practice "Capacity Analysis and Inventory Costing" quiz with answers, inventory costing methods Multiple Choice Questions (MCQ) for online accounting degree. Free inventory costing methods MCQs, 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", inventory costing methods Multiple Choice Questions (MCQ) with choices actual capacity, standard capacity, practical capacity, and theoretical costing for online business administration degree. Learn capacity analysis and inventory costing questions and answers to improve problem solving skills for online business management degree programs. Inventory Costing Methods Video

Inventory Costing Methods Questions and Answers PDF Download eBook

Inventory Costing Methods Quiz

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

  1. standard capacity
  2. actual capacity
  3. practical capacity
  4. theoretical costing

C

Cost Estimation Methods Quiz

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

  1. conference method
  2. inference method
  3. pricing method
  4. manufacturing method

A

Process Costing System Quiz

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

Variable and Fixed Overhead Costs Quiz

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

  1. $27,000
  2. $25,000
  3. $47,000
  4. $57,000

C

Price and Efficiency Variance Quiz

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

  1. actual quantity manufactured
  2. budgeted quantity manufactures
  3. budgeted quantity sold
  4. budgeted input quantity

D