Cost Accounts MCQs Quiz Online PDF Download

Learn cost accounts MCQs, cost accounting test for online learning courses, test prep to practice test. Inventory management, just in time and costing methods quiz has multiple choice questions (MCQ), cost accounts quiz questions and answers, cost accounts tutorials for online accounting masters programs courses distance learning.

Cost accounting practice test MCQ: if an average inventory is 2000 units, annual relevant carrying cost of each unit is $5, then annual relevant carrying cost will be with choices $5,000 , $4,500 , $5,500 and $6,000 for online competitive exams, certifications tests for financial aids, scholarships contests in universities. Free study guide is for online learning cost accounts quiz with MCQs to practice test questions with answers. Cost Accounts Video

MCQs on Cost Accounts Quiz PDF 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