Building Block Concepts of Costing Systems MCQs Test Online PDF Download

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MCQ on Building Block Concepts of Costing SystemsQuiz 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