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Department Costs, Common Costs and Revenues Multiple Choice Questions 1 PDF Download

Learn department costs, common costs and revenues multiple choice questions (MCQs), cost accounting test 1 for online exams. 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 quiz, online study guide has helping 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 as method which ranks cost object incurred by individual users, in ranking order of more responsible users is classified as to test learning skills for viva exam preparation and job's interview questions. Study to learn common costs quiz questions with online learning MCQs for competitive exam preparation test. Common Costs Video

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

MCQ. The 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. The 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. The products, divisions and customers are the examples of

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

D

MCQ. In incremental cost allocation method, the 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. The 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