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MBA Cost Accounting Certification Exam Tests

MBA Cost Accounting Practice Test 81

Inventory Costing Methods Quiz Questions and Answers PDF - 81

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The Quiz: Budgeted variable overhead rate, is multiplied to an actual quantity of allocation base, is to calculate variable manufacturing cost of overheads in; "Inventory Costing Methods" App Download (Free) with answers indirect costing method, direct costing method, actual costing method and normal costing method for online accounting bachelor degree. Solve capacity analysis and inventory costing questions and answers, Amazon eBook to download free sample for online business administration degree.

Inventory Costing Methods Questions and Answers PDF Download: Quiz 81

MCQ 401: The budgeted variable overhead rate, is multiplied to an actual quantity of allocation base, is to calculate variable manufacturing cost of overheads in

A) direct costing method
B) indirect costing method
C) actual costing method
D) normal costing method

MCQ 402: In accounting, the cost which is predicted to be incurred or future cost is known as

A) past cost
B) incurred cost
C) actual cost
D) budgeted cost

MCQ 403: If the budgeted total direct labor hours are 5500 and budgeted direct labor cost is $755000, then the budgeted direct labor cost rate is

A) $138 per labor hour
B) $137.27 per hour
C) $140 per labor hour
D) $142 per labor hour

MCQ 404: In normal costing, an actual quantity of cost allocation used base is multiplied to budgeted fixed overhead rates to calculate the

A) indirect manufacturing overhead cost
B) direct manufacturing overhead cost
C) fixed manufacturing overhead cost
D) variable manufacturing overhead cost

MCQ 405: The difference of current assets and the working capital is equal to

A) current liabilities
B) long-term liabilities
C) residual assets value
D) net residual income

MBA Cost Accounting Exam Prep Tests

Inventory Costing Methods Learning App & Free Study Apps

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Inventory Costing Methods App (Android & iOS)

Inventory Costing Methods App (Android & iOS)

Cost Accounting App (Android & iOS)

Cost Accounting App (Android & iOS)

Human Resource Management (BBA) App (Android & iOS)

Human Resource Management (BBA) App (Android & iOS)

Marketing Principles App (Android & iOS)

Marketing Principles App (Android & iOS)