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MBA Cost Accounting Practice Test 22

# Process Costing System MCQ (Multiple Choice Questions) PDF - 22

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The MCQs: Total costs incur in a production process, is divided by total number of output units, to calculate; "Process Costing System" App (Android & iOS) with answers: Cost of direct labor; Cost of indirect labor; Cost of direct material; Unit costs; to learn accounting degree online courses. Practice Process Costing Questions and Answers, Google eBook to download free sample for online business administration school.

## Process Costing System Questions and Answers : Quiz 22

MCQ 106:

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
MCQ 107:

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
MCQ 108:

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
MCQ 109:

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
MCQ 110:

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