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Accounting Notes and Technology Articles

Budget Indirect Costs and End of Financial Year Quiz Questions and Answers PDF Download eBook

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Quiz on Budget Indirect Costs & End of Financial Year PDF Download eBook

Budget Indirect Costs and End of Financial Year Quiz

MCQ: The costing and allocating situation, in which the indirect cost allocated amount is less than actually incurred amount is known as

  1. over allocated budget
  2. under allocated budget
  3. under allocated indirect cost
  4. over allocated direct cost

C

Capital Budgeting Stages Quiz

MCQ: The capital budgeting method to analyze information of financials include

  1. internal rate of return
  2. accrual accounting rate of return
  3. net present value
  4. all of above

D

Management Accounting Quiz

MCQ: The philosophy, in which the management works to improve value chain of the products, to exceed customer expectations is classified as

  1. quality
  2. management chain
  3. customer chain
  4. cost chain

A

Inventory Types, Inventoriable Cost and Period Cost Quiz

MCQ: The balance sheet, in which all the costs of the product that must be considered as its assets, is said to be

  1. factory overhead costs
  2. manufacturing overhead costs
  3. Inventoriable costs
  4. finished costs

C

Prime Costs Quiz

MCQ: The direct material cost is $75000 and direct manufacturing labor is $20000, then prime cost would be

  1. $55,000
  2. $37,500
  3. $95,000
  4. $26,000

C