MBA Cost Accounting MCQs - Chapter 1

Accounting Concepts Trivia Questions and Answers PDF - 4

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Free Accounting Concepts Trivia Questions, Accounting Concepts Quiz Answers PDF Download Book Ch. 1-4 to study MBA Cost Accounting Online Course. Solve Inventory Types, Inventoriable Cost and Period Cost MCQs, Accounting Concepts quiz questions and answers PDF to prepare for job interview. The Accounting Concepts Trivia App Download: Free educational app for conversion costs, cost analysis, types of inventory career test for online classes business administration.

The MCQ Quiz: An acquisition cost of raw material is to be used in the manufacturing, and becoming a component of cost object is classified as; "Accounting Concepts" App APK Download (Free) with answers indirect material costs, direct material costs, direct labor costs, and indirect labor costs for online accounting classes. Practice inventory types, inventoriable cost and period cost quiz questions, download Kindle eBook (Free Sample) for online schools for business administration.

Accounting Concepts Questions & Answers PDF Download: MCQ Quiz 4

MCQ 16: An acquisition cost of raw material is to be used in the manufacturing, and becoming a component of cost object is classified as

direct material costs
indirect material costs
direct labor costs
indirect labor costs

MCQ 17: The wages and other benefits, provided to assembly line workers and operators of machine are classified under the

work in process costs
finished costs
direct manufacturing labor costs
indirect manufacturing labor costs

MCQ 18: The conversion cost is subtracted from manufacturing overhead cost is to calculate the

manufacturing labor costs
direct labor costs
direct manufacturing labor costs
indirect manufacturing labor costs

MCQ 19: The labor which works as forklift truck, plant guards and the rework labor is classified as

prime overhead
conversion overhead
factory overhead
manufacturing overhead

MCQ 20: The inventory of the final goods that are not yet sold is called

finished goods inventory
indirect material inventory
direct materials inventory
work in process inventory

MBA Cost Accounting Mock Tests

Cost Allocation: Joint Products and Byproducts MCQs

Cost Function and Behavior MCQs

Cost Management and Pricing Decisions MCQs

Spoilage, Rework and Scrap MCQs

Flexible Budget and Management Control MCQs

Budgeting and Accounting MCQs

Management Accounting in Organization MCQs

Activity based Costing and Management MCQs

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