Inventory Costing Methods Quiz with Answers PDF Download – Test 33

MCQ 161: The budgeted fixed manufacturing cost for per unit, which is used to measure per unit cost of supplying is called:

1. indirect labor
2. capacity
3. raw material
4. direct labor

MCQ 162: The document, which contains the information about the used material sequence, detail and quantity of raw material is classified as:

1. bill of materials
2. bill of sequence
3. bill of detail
4. bill of raw materials

MCQ 163: An amount of spoilage that is not natural in a specific production process is categorized as:

1. normal scrap
2. normal spoilage
3. abnormal spoilage
4. weighted spoilage

MCQ 164: As compared to irrelevant cost, the occurrence of relevant costs must:

1. have high correlation
2. be in future
3. be in past
4. be zero correlated

MCQ 165: In corporate costs, the costs incur for employee recruitment, development and training are classified as:

1. discretionary costs
2. human resource management costs
3. corporate administration costs
4. treasury costs