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Process Costing System quiz questions and answers, process costing system MCQs with answers PDF 22 to practice accounting mock tests for online graduate programs. Practice "Process Costing" quiz questions with answers, process costing system Multiple Choice Questions (MCQ) for online accounting degree. Free process costing system MCQs, budget indirect costs and end of financial year, fixed overhead cost variances, learning growth perspective: quality improvements, variable and fixed overhead costs, process costing system test prep for online business administration and management degree.

"The total costs incur in a production process, is divided by total number of output units, to calculate the", process costing system Multiple Choice Questions (MCQ) with choices cost of direct labor, cost of indirect labor, cost of direct material, and unit costs for online BBA business administration. Learn process costing questions and answers to improve problem solving skills for online schools for business management degrees. Process Costing System Video

Process Costing System Quiz

MCQ: The total costs incur in a production process, is divided by total number of output units, to calculate the

1. cost of indirect labor
2. cost of direct labor
3. cost of direct material
4. unit costs

D

Variable and Fixed Overhead Costs Quiz

MCQ: The process of ensuring preventive measure to be done in all machines is classified as

1. potential price response
2. potential cost response
3. potential budget response
4. potential management response

D

Learning Growth Perspective: Quality Improvements Quiz

MCQ: If the number of employees who left the job are 40, the total number of employees are 200, then the employee turnover ratio will be

1. 0.6
2. 0.5
3. 0.2
4. 0.7

C

MCQ: If an actual cost incurred is \$627500, the flexible budget amount is \$358750, then fixed overhead variance of flexible-budget will be

1. \$218,750
2. \$238,750
3. \$258,750
4. \$268,750

D

Budget Indirect Costs and End of Financial Year Quiz

MCQ: In normal costing, the situation in which the allocated amount of indirect cost is greater than the incurred cost, is considered as

1. incurred indirect cost
2. over allocated indirect cost
3. applied indirect cost
4. applied direct cost

B