Cost Accounts MCQs Quiz Online PDF Book Download

Cost accounts MCQs, cost accounts quiz answers for online learning accounting courses. Learn inventory management, just in time and costing methods multiple choice questions (MCQs), cost accounts quiz questions and answers. Career test on inventory related relevant costs, inventory management and mrp, retail organizations: inventory management, cost accounts test prep for certified accountant certification.

Learn inventory management, just in time and costing methods practice test MCQs: if an average inventory is 2000 units, annual relevant carrying cost of each unit is $5, then annual relevant carrying cost will be to learn finance and accounting degree with options $5,000, $4,500, $5,500, $6,000 for finance degree jobs. Free skills assessment test for online learning cost accounts quiz questions for competitive assessment in business majors for certified financial planner certification. Cost Accounts Video

MCQ on Cost AccountsQuiz Book Download

MCQ: If an average inventory is 2000 units, annual relevant carrying cost of each unit is $5, then annual relevant carrying cost will be

  1. $5,000
  2. $4,500
  3. $5,500
  4. $6,000

A

MCQ: Costs associated with storage of finished goods such as spoilage, obsolescence and insurance of goods are classified as

  1. carrying costs
  2. purchasing costs
  3. stock-out costs
  4. ordering costs

A

MCQ: Costs of goods acquired from suppliers are classified as

  1. stock-out costs
  2. ordering costs
  3. carrying costs
  4. purchasing costs

D

MCQ: Costs of issuing purchase orders, making of delivery records for tracking payments and costs of inspection of items are classified as

  1. stock-out costs
  2. ordering costs
  3. carrying costs
  4. purchasing costs

B

MCQ: Relevant ordering costs are added into relevant carrying costs to calculate

  1. relevant total costs
  2. contribution costs
  3. throughput costs
  4. optimized costs

A