Building Block Concepts of Costing Systems MCQs Quiz Online PDF Download

Learn building block concepts of costing systems MCQs, cost accounting test for online courses learning and test prep to practice. Job costing quiz has multiple choice questions (MCQ), building block concepts of costing systems quiz questions and answers to learn for online basic accounting principles course test.

Cost accounting practice test MCQ on term which describes assigning of indirect cost, to any cost object is classified as with options cost allocation, sales tracing, sales allocation and cost tracing problem solving skills for viva, competitive exam prep, interview questions with answer key. Free study guide is for online learning building block concepts of costing systems quiz with MCQs to practice test questions with answers. Building Block Concepts of Costing Systems Video

MCQs on Building Block Concepts of Costing Systems Quiz PDF Download

MCQ. Term which describes assigning of indirect cost, to any cost object is classified as

  1. cost allocation
  2. sales tracing
  3. sales allocation
  4. cost tracing

A

MCQ. A document which contains information about materials of specific product, in specific department comes under

  1. costing method
  2. selling method
  3. material acquisition method
  4. none of above

C

MCQ. A group of individual indirect cost item is defined as

  1. direct pool
  2. cost pool
  3. indirect pool
  4. item pool

B

MCQ. Total indirect cost in pool by an actual quantity of cost allocation base, is used to calculate

  1. actual manufacturing overhead rate
  2. manufacturing overhead costs
  3. overhead rate
  4. direct rate

A

MCQ. Process of assigning direct or indirect cost to any cost object is known as

  1. cost assignment
  2. cost expectation
  3. event assignment
  4. probability assignment

A