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Process Costing Multiple Choice Questions Test 1 pdf Download

Practice BBA cost accounting test 1 with MCQ on transferred in costs: process costing online for learning. Practice process costing multiple choice questions (MCQ) on transferred in costs: process costing, process costing system, weighted average method,. Free study guide has answering options transferred-out costs, transferred-in costs, fifo costs and lifo costs of multiple choice questions (MCQ) as costs of previous department are also called as to test learning skills. Study to learn transferred in costs: process costing quiz questions to practice MCQ based online exam preparation test.

MCQ on Process Costing - Test 1

MCQ. Costs of previous department are also called as

  1. transferred-in costs.
  2. transferred-out costs.
  3. FIFO costs.
  4. LIFO costs.

A

MCQ. Total costs incur in a production process is divided by total number of output units for calculating the

  1. cost of indirect labor.
  2. cost of direct labor.
  3. cost of direct material.
  4. unit costs.

D

MCQ. * If beginning work in process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and ending work in process equivalent units are 5000 then complete equivalent units in current period are

  1. 1800 units.
  2. 1500 units.
  3. 1300 units.
  4. 1500 units.

C

MCQ. An Unit cost is calculated in costing system by assigning total costs incurred to many similar units is classified as

  1. accounting period costing system.
  2. process costing system.
  3. job costing system.
  4. none of above.

B

MCQ. * If beginning work in process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and units completed in current period are 4000 then ending work in process equivalent units are

  1. 1800 units.
  2. 2300 units.
  3. 10300 units.
  4. 1500 units.

B

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