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Department Costs, Common Costs and Revenues Multiple Choice Questions Test 1 Tests pdf Download

Practice department costs, common costs and revenues multiple choice questions (MCQs), cost accounting test 1 online to learn. Practice common costs MCQs questions and answers on common costs, revenue allocation methods, revenue allocation and bundled products with answers. Free department costs, common costs and revenues study guide has answer key with choices as variable cost allocation method, bundled products allocation method, stand-alone cost allocation method and incremental cost allocation method of multiple choice questions (MCQ) as method which ranks cost object incurred by individual users in ranking order of more responsible users is classified as to test learning skills. Study to learn common costs quiz questions to practice MCQ based online exam preparation test.

MCQ on Department Costs, Common Costs and Revenues Quiz pdf Download Test 1

MCQ. Method which ranks cost object incurred by individual users in ranking order of more responsible users is classified as

  1. bundled products allocation method
  2. variable cost allocation method
  3. stand-alone cost allocation method
  4. incremental cost allocation method

D

MCQ. First ranked product in incremental revenue allocation method is classified as

  1. primary product
  2. first incremental product
  3. second incremental product
  4. third incremental product

A

MCQ. Products, divisions and customers are classified as example of

  1. revenue increment
  2. reciprocal revenue
  3. revenue allocation
  4. revenue object

D

MCQ. In incremental cost allocation method, cost object user who is ranked third in ranking order is classified as

  1. first incremental user
  2. primary user
  3. secondary user
  4. second incremental user

D

MCQ. Cost of operating activity, facility or any cost object which usually shares by two or more than two users is classified as

  1. bundled cost
  2. common cost
  3. stand-alone cost
  4. incremental cost

B


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