Learn Accounting Online Notes and Technology Articles

Accounting Concepts Multiple Choice Questions (MCQ) 1 PDF eBook Download

"Accounting Concepts Multiple Choice Questions & Answers (MCQs)", accounting concepts quiz answers pdf 1, cost accounting tests to study online certificate courses. Practice 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.

Practice accounting concepts Multiple Choice Questions (MCQ): Labor related to manufacturing of product can be classified under, 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 eBook 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: 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: 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, direct manufacturing labor cost is included in

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

D

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

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

B