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Basics of Accounting Multiple Choice Questions Test 1 Tests pdf Download

Practice basics of accounting multiple choice questions (MCQs), cost accounting test 1 online to learn. Practice direct costs & 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 answer key with choices as indirect cost, direct cost, line cost and staff cost of multiple choice questions (MCQ) as cost, which is related to specific cost object and economically traceable, will be classified as to test learning skills. Study to learn direct costs & indirect costs quiz questions to practice MCQ based online exam preparation test. Direct Costs & Indirect Costs Video

MCQ on Basics of Accounting Quiz pdf Download Test 1

MCQ. 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. 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. Cost which is changed in proportion to level total volume is

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

B

MCQ. Costs are classified as fixed or variable on basis of

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

D

MCQ. Process of tracing direct costs and allocation of indirect costs is known as

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

A