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Inventory Costing Methods Questions and Answers PDF Download eBook

Inventory Costing Methods trivia questions and answers, inventory costing methods quiz answers PDF 81 to practice accounting exam questions for online classes. Practice Capacity Analysis and Inventory Costing trivia questions and answers, inventory costing methods Multiple Choice Questions (MCQ) for online accounting degree. Free inventory costing methods MCQs, variations from normal costing, what is cost in accounting, inventory costing methods test prep for online classes for business management degree.

"The budgeted variable overhead rate, is multiplied to an actual quantity of allocation base, is to calculate variable manufacturing cost of overheads in", inventory costing methods Multiple Choice Questions (MCQ) with choices indirect costing method, direct costing method, actual costing method, and normal costing method to learn online certification courses. Learn capacity analysis and inventory costing questions and answers to improve problem solving skills for BA in business administration. Inventory Costing Methods Video

Trivia Quiz on Inventory Costing Methods PDF Download eBook

Inventory Costing Methods Quiz

MCQ: The budgeted variable overhead rate, is multiplied to an actual quantity of allocation base, is to calculate variable manufacturing cost of overheads in

  1. direct costing method
  2. indirect costing method
  3. actual costing method
  4. normal costing method

D

What is Cost in Accounting Quiz

MCQ: In accounting, the cost which is predicted to be incurred or future cost is known as

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

D

Variations from Normal Costing Quiz

MCQ: If the budgeted total direct labor hours are 5500 and budgeted direct labor cost is $755000, then the budgeted direct labor cost rate is

  1. $138 per labor hour
  2. $137.27 per hour
  3. $140 per labor hour
  4. $142 per labor hour

B

Inventory Costing Methods Quiz

MCQ: In normal costing, an actual quantity of cost allocation used base is multiplied to budgeted fixed overhead rates to calculate the

  1. indirect manufacturing overhead cost
  2. direct manufacturing overhead cost
  3. fixed manufacturing overhead cost
  4. variable manufacturing overhead cost

C

Economic Value Added Quiz

MCQ: The difference of current assets and the working capital is equal to

  1. current liabilities
  2. long-term liabilities
  3. residual assets value
  4. net residual income

A