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Basics of Accounting Multiple Choice Questions 1 PDF Book Download

Basics of accounting multiple choice questions (MCQs), basics of accounting quiz answers, MBA accounting test prep 1 to learn online accounting courses for online classes. Direct costs and indirect costs MCQs, basics of accounting quiz questions and answers for admission and merit scholarships test. Practice direct costs and indirect costs, what is cost in accounting career test for CPA certification.

Learn basics of accounting quiz with multiple choice questions: cost, which is related to specific cost object and economically traceable, will be classified as, with choices indirect cost, direct cost, line cost, and staff cost for online associates degree business. Practice jobs' assessment test for online learning direct costs and indirect costs quiz questions with financial accounting MCQs for accounting certifications. Direct Costs and Indirect Costs Video

MCQs on Basics of Accounting Test 1 PDF Book Download

MCQ: Cost, which is related to specific cost object and economically traceable, will be classified as

  1. direct cost
  2. indirect cost
  3. line cost
  4. staff cost


MCQ: Material or anything for which cost is to be measured is known as

  1. measurement object
  2. cost object
  3. accounting object
  4. budget object


MCQ: Cost which is changed in proportion to level total volume is

  1. fixed cost
  2. variable cost
  3. total cost
  4. infeasible cost


MCQ: Costs are classified as fixed or variable on basis of

  1. specific activity
  2. given time period
  3. common activity
  4. both a and b


MCQ: Process of tracing direct costs and allocation of indirect costs is known as

  1. cost assignment
  2. direct assignment
  3. indirect assignment
  4. economic assignment