Direct Costs and Indirect Costs MCQs Quiz Online PDF Download

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Cost accounting practice test MCQ: cost, which is related to specific cost object and economically traceable, will be classified as with choices direct cost, indirect cost, line cost and staff cost problem solving skills for summative and formative assessment, competitive exam prep, interview questions with answer key. Free study guide is for online learning direct costs and indirect costs quiz with MCQs to practice test questions with answers. Direct Costs and Indirect Costs Video

MCQs on Direct Costs and Indirect Costs Quiz PDF Download

MCQ. Cost, which is related to specific cost object and economically traceable, will be classified as

  1. direct cost
  2. indirect cost
  3. line cost
  4. staff cost

A

MCQ. Cost which is changed in proportion to level total volume is

  1. fixed cost
  2. variable cost
  3. total cost
  4. infeasible cost

B

MCQ. Costs are classified as fixed or variable on basis of

  1. specific activity
  2. given time period
  3. common activity
  4. both a and b

D

MCQ. Process of tracing direct costs and allocation of indirect costs is known as

  1. cost assignment
  2. direct assignment
  3. indirect assignment
  4. economic assignment

A

MCQ. Cost which remains unchanged, in proportion to level total volume of production is classified as

  1. total cost
  2. infeasible cost
  3. fixed cost
  4. variable cost

C