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Basics of Accounting Multiple Choice Questions 1 PDF Download

Learn basics of accounting multiple choice questions (MCQs), cost accounting test 1 online for exams. Practice direct costs and indirect costs MCQs questions and answers on direct costs and indirect costs, what is cost in accounting with answers. Free basics of accounting quiz, online study guide has helping answer key with choices as indirect cost, direct cost, line cost and staff cost of multiple choice questions as cost, which is related to specific cost object and economically traceable, will be classified as to test learning skills for viva exam preparation and job's interview questions. Study to learn direct costs and indirect costs quiz questions to practice online MCQs for competitive exam preparation test. Direct Costs and Indirect Costs Video

MCQ on Basics of Accounting Quiz PDF Download Test 1

MCQ. The cost, which is related to specific cost object and economically traceable, will be classified as

  1. direct cost
  2. indirect cost
  3. line cost
  4. staff cost

A

MCQ. The material or anything for which cost is to be measured is known as

  1. measurement object
  2. cost object
  3. accounting object
  4. budget object

B

MCQ. The cost which is changed in proportion to level the total volume is

  1. fixed cost
  2. variable cost
  3. total cost
  4. infeasible cost

B

MCQ. The costs are classified as fixed or variable on the basis of

  1. specific activity
  2. given time period
  3. common activity
  4. both a and b

D

MCQ. The process of tracing the direct costs and allocation of indirect costs is known as

  1. cost assignment
  2. direct assignment
  3. indirect assignment
  4. economic assignment

A