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Accounting Concepts Multiple Choice Questions and Answers PDF Download

Accounting concepts Multiple Choice Questions and Answers (MCQs), accounting concepts quiz answers pdf 1, cost accounting tests to study online certificate courses. Learn inventory types, inventoriable cost and period cost MCQs, "accounting concepts" quiz questions and answers for admission and merit scholarships test. Learn inventory types, inventoriable cost and period cost, manufacturing costs, prime costs, conversion costs career test for bachelor's degree in business.

"The labor related to the manufacturing of the product can be classified under" Multiple Choice Questions (MCQs) on accounting concepts with choices indirect manufacturing labor costs, direct manufacturing labor costs, work in process cost, and finished costs for online school of business administration. Practice jobs' assessment test, online learning inventory types, inventoriable cost and period cost quiz questions to learn online certificate courses. Inventory Types, Inventoriable Cost and Period Cost Video

MCQs on Accounting Concepts Quiz 1 PDF Download

MCQ: The labor related to the manufacturing of the 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: The direct material costs are added into direct manufacturing costs, to calculate

  1. discuss costs
  2. prime costs
  3. resale cost
  4. merchandise costs

B

MCQ: The direct manufacturing labor costs is added into manufacturing overhead cost to calculate

  1. transaction costs
  2. conversion costs
  3. resale costs
  4. merchandise costs

B

MCQ: In cost terms, the direct manufacturing labor cost is included in

  1. manufacturing costs
  2. prime costs
  3. conversion costs
  4. both B and C

D

MCQ: The conversion cost is $2000 and the manufacturing overhead cost is $7000, then the direct manufacturing labor cost will be

  1. $27,000
  2. $13,000
  3. $130,000
  4. $29,500

B