Inventory Types, Inventoriable Cost and Period Cost MCQs Quiz Online PDF Book Download

Inventory types, inventoriable cost and period cost MCQs, inventory types, inventoriable cost and period cost quiz answers for online learning accounting courses. Learn accounting concepts multiple choice questions (MCQs), inventory types, inventoriable cost and period cost quiz questions and answers. Career test on cost analysis, prime costs, conversion costs, inventory types, inventoriable cost and period cost test prep for certified financial advisors.

Learn accounting concepts practice test MCQs: labor related to manufacturing of product can be classified under to learn finance and accounting degree with options direct manufacturing labor costs, indirect manufacturing labor costs, work in process cost, finished costs for financial consultant jobs. Free skills assessment test for online learning inventory types, inventoriable cost and period cost quiz questions for competitive assessment in business majors for CMA accounting certification. Inventory Types, Inventoriable Cost and Period Cost Video

MCQ on Inventory Types, Inventoriable Cost and Period CostQuiz Book Download

MCQ: Labor related to manufacturing of product can be classified under

  1. direct manufacturing labor costs
  2. indirect manufacturing labor costs
  3. work in process cost
  4. finished costs

A

MCQ: In an income statement, when costs become cost of sold goods and manufactured products are sold, such costs are

  1. inventoriable costs
  2. finished costs
  3. factory overhead costs
  4. manufacturing overhead costs

A

MCQ: Balance sheet, in which all costs of product that must be considered as its assets, is said to be

  1. factory overhead costs
  2. manufacturing overhead costs
  3. Inventoriable costs
  4. finished costs

C

MCQ: An acquisition cost of raw material is to be used in manufacturing, and becoming a component of cost object is classified as

  1. direct material costs
  2. indirect material costs
  3. direct labor costs
  4. indirect labor costs

A

MCQ: Wages and other benefits, provided to assembly line workers and operators of machine are classified under

  1. work in process costs
  2. finished costs
  3. direct manufacturing labor costs
  4. indirect manufacturing labor costs

D