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Building Block Concepts of Costing Systems Quiz Questions and Answers 203 PDF Download

Practice building block concepts of costing systems quiz, cost accounting quiz 203 for online learning. Free accounting MCQs questions and answers to practice building block concepts of costing systems MCQs with answers. Practice MCQs to test knowledge on building block concepts of costing systems, cvp analysis, inventory types, inventoriable cost and period cost, effects of sales mix on income, what is cost in accounting worksheets.

Free building block concepts of costing systems worksheet has multiple choice quiz question as situation in which cost object has any job, customer or product is known as, answer key with choices as cost application base, sale application base, price application base and direct application base problem solving to test study skills. For online learning, viva help and jobs' interview preparation tips, study job costing multiple choice questions based quiz question and answers. Building Block Concepts of Costing Systems Video

Quiz on Building Block Concepts of Costing Systems Quiz PDF Download Worksheet 203

Building Block Concepts of Costing Systems Quiz

MCQ. The situation in which the cost object has any job, customer or product is known as

  1. cost application base
  2. sale application base
  3. price application base
  4. direct application base

A

CVP Analysis Quiz

MCQ. In a relevant range, the variable cost per unit, selling price and total fixed costs are

  1. unknown and variable
  2. known and variable
  3. unknown and constant
  4. known and constant

D

Inventory Types, Inventoriable Cost and Period Cost Quiz

MCQ. For the companies in service sector, the cost which is not considerable is

  1. Inventoriable costs
  2. finished costs
  3. factory overhead costs
  4. manufacturing overhead costs

A

Effects of Sales Mix on Income Quiz

MCQ. If the total units of product A, B and C are as 200,300 and 400 respectively then the sales mix would be

  1. 100 units
  2. 900 units
  3. 400 units
  4. 500 units

B

What is Cost in Accounting Quiz

MCQ. In accounting, the cost incurred in past or in historical financial statements is classified as

  1. actual cost
  2. budgeted cost
  3. past cost
  4. incurred cost

A