Learn weighted average method quiz, cost accounting online quiz 23 to practice. Free accounting MCQs questions and answers to learn weighted average method MCQs with answers. Practice MCQs to test knowledge on weighted average method, activity based costing systems, price and efficiency variance, concept of relevance, inventory costing: manufacturing companies worksheets.

Free weighted average method worksheet has multiple choice quiz question as 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, answer key with choices as 1800 units, 1500 units, 1300 units and 1500 units problem solving to test study skills. For viva learning and jobs' interview preparation, study online process costing multiple choice questions based quiz question and answers. Weighted Average Method Video

Weighted Average Method Quiz

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

Activity Based Costing Systems Quiz

MCQ. In an activity based cost system; an activity/unit of work or task with differentiated purposes will be classified as

2. purpose cost
3. an activity
4. an allocation cost

C

Price and Efficiency Variance Quiz

MCQ. If budgeted input price is \$50, price variance is \$30 then an actual price will be

1. \$100
2. \$20
3. \$80
4. \$60

C

Concept of Relevance Quiz

MCQ. Kind of costs that has been occurred in past are also known as

1. unrecorded costs
2. recorded costs
3. sunk costs
4. bunked costs

C

Inventory Costing: Manufacturing Companies Quiz

MCQ. If contribution margin per unit is \$5000, selling price is \$1500 and variable manufacturing cost per unit is \$1200, then per unit cost of marketing will be

1. \$4,200
2. \$2,300
3. \$7,700
4. \$6,700

B