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

Learn inventory types, inventoriable cost and period cost MCQs, cost accounting test for online courses learning and test prep to practice. Accounting concepts quiz has multiple choice questions (MCQ), inventory types, inventoriable cost and period cost quiz questions and answers to learn for BBA subjective questions with solutions.

Cost accounting practice test MCQ on labor related to manufacturing of product can be classified under with options direct manufacturing labor costs, indirect manufacturing labor costs, work in process cost and finished costs problem solving skills for viva, competitive exam prep, interview questions with answer key. Free study guide is for online learning inventory types, inventoriable cost and period cost quiz with MCQs to practice test questions with answers. Inventory Types, Inventoriable Cost and Period Cost Video

MCQs on Inventory Types, Inventoriable Cost and Period Cost Quiz PDF 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