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Basics of Accounting Multiple Choice Questions 1 PDF Download

Learn basics of accounting multiple choice questions (MCQs), cost accounting test 1 for online course prep exams. Practice direct costs and indirect costs MCQs questions and answers on direct costs and indirect costs, what is cost in accounting test for online accounting concepts courses distance learning.

Free basics of accounting quiz online, study guide has multiple choice question: 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 to test online e-learning skills for formative assessment exam prep and job's interview questions with answers key. Study to learn direct costs and indirect costs quiz questions with online learning MCQs for competitive exam preparation test. Direct Costs and Indirect Costs Video

MCQ on Basics of Accounting Test 1 Quiz PDF 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

A

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

B

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

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

B

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

D

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

A