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Common Costs Questions and Answers PDF Download eBook - 162

Common Costs trivia questions and answers, common costs quiz answers PDF 162 to practice accounting exam questions for online classes. Practice "Department Costs, Common Costs and Revenues" trivia questions and answers, common costs Multiple Choice Questions (MCQ) for online accounting degree. Free common costs MCQs, variable and fixed overhead costs, inventory costing: manufacturing companies, inventory costing methods, total costs and unit costs, common costs test prep for online courses for business management degree.

"According to incremental method, the party which receives the highest ranking in allocation of common cost is classified as", common costs Multiple Choice Questions (MCQ) with choices second incremental party, third incremental party, primary party, and first incremental party for business management degree online. Learn department costs, common costs and revenues questions and answers to improve problem solving skills for online BS business administration. Common Costs Video

Trivia Quiz on Common Costs PDF Download eBook

Common Costs Quiz

MCQ: According to incremental method, the party which receives the highest ranking in allocation of common cost is classified as

  1. Third incremental party
  2. second incremental party
  3. primary party
  4. First incremental party

C

Total Costs and Unit Costs Quiz

MCQ: If the total manufacturing cost is $40000 and the total units manufactured is 500 units, then the per unit cost would be

  1. $80
  2. $65
  3. $7
  4. $35

A

Inventory Costing Methods Quiz

MCQ: If the budgeted fixed manufacturing cost is $150000 and the per unit cost is $120, then budgeted production units will be

  1. $1,250
  2. $1,350
  3. $1,450
  4. $1,550

A

Inventory Costing: Manufacturing Companies Quiz

MCQ: The production volume variance under absorption costing

  1. must be inventoriable
  2. must exist
  3. must not exist
  4. non-inventoriable

C

Variable and Fixed Overhead Costs Quiz

MCQ: The difference between actual quantity and budgeted quantity of cost allocation base is classified as

  1. fixed overhead efficiency variance
  2. variable overhead efficiency variance
  3. variable overhead manufacturing variance
  4. fixed overhead manufacturing variance

B