Cost Accounts MCQs Quiz Online PDF Download

Learn cost accounts MCQs, online MBA cost accounting test for distance education, online accounting courses prep. Practice inventory management, just in time and costing methods multiple choice questions (MCQs), cost accounts quiz questions and answers. GMAT test prep on cost accounts tutorials for online accounting masters programs courses distance learning.

Study bachelors and masters in accounting degree MCQs: if an average inventory is 2000 units, annual relevant carrying cost of each unit is $5, then annual relevant carrying cost will be, for online courses with choices $5,000 , $4,500 , $5,500 , $6,000 for online competitive exams, certifications tests for financial aids, scholarships contests in universities. Free skills assessment test is for online learn cost accounts quiz questions with MCQs, exam preparation questions and answers for colleges and universities' merit scholarships competitive exam preparation. Cost Accounts Video

MCQs on Cost AccountsQuiz 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