Inventory Costing Manufacturing Companies MCQs Quiz Online PDF Download

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Cost accounting practice test MCQ: if production is less than sales so, an operating income under absorption costing will be called with options higher income, zero dividends, negative income value and lower income for online preparation of mock interview with interactive trivia quiz questions for education jobs. Free study guide is for online learning inventory costing manufacturing companies quiz with MCQs to practice test questions with answers to prepare entrance exam for online business school admission. Inventory Costing: Manufacturing Companies Video

MCQs on Inventory Costing Manufacturing Companies Quiz PDF Download

MCQ: If production is less than sales so, an operating income under absorption costing will be called

  1. higher income
  2. zero dividends
  3. negative income value
  4. lower income


MCQ: If inventory level decreases then operating income, under variable costing, will be reported

  1. more
  2. less
  3. zero
  4. none of above


MCQ: If contribution margin per unit is $5000, selling price is $1500 and variable manufacturing cost per unit is $1200, then per unit cost of marketing will be

  1. $4,200
  2. $2,300
  3. $7,700
  4. $6,700


MCQ: Difference between absorption and variable costing is accountability of

  1. direct overhead
  2. indirect overhead cost
  3. fixed manufacturing cost
  4. variable manufacturing cost


MCQ: Method of inventory costing, in which all variable and fixed manufacturing cost is considered as inventoriable cost can be termed as

  1. absorption costing
  2. variable costing
  3. fixed costing
  4. manufacturing cost