MBA Cost Accounting MCQs - Chapter 7

Capacity Analysis and Inventory Costing Quiz Questions and Answers PDF - 3

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The Quiz: An approach in which restating the amounts, in general ledgers by using actual cost rates, is classified as; "Capacity Analysis and Inventory Costing" App Download iOS & Android (Free) with answers adjusted allocation rate approach, unadjusted cost approach, unadjusted allocation approach and adjusted cost approach for bachelors degree in accounting online. Study inventory costing methods quiz questions, download Amazon eBook (Free Sample) for master's degree in business administration.

Capacity Analysis & Inventory Costing Questions & Answers PDF Download: MCQ Quiz 3

MCQ 11: An approach in which restating the amounts, in general ledgers by using actual cost rates, is classified as

A) unadjusted cost approach

B) adjusted allocation rate approach

C) unadjusted allocation approach

D) adjusted cost approach

MCQ 12: If the direct material cost of goods sold is $7500, and through contribution is $15650, then revenues will be

A) $8,150

B) $23,150

C) $33,150

D) $13,150

MCQ 13: The capacity utilization of the business, to satisfy average customer's demand, for current budget period of time is termed as

A) master budget capacity utilization

B) finite cost utilization

C) infinite cost utilization

D) infinite budget capacity utilization

MCQ 14: If the total sales are $250000, the beginning inventory is $25000 and the ending inventory is $25000, then total production would be

A) $250,000

B) $350,000

C) $300,000

D) $400,000

MCQ 15: An approach in which, the over allocated and under allocated is spread in, ending balance of finished goods control, is called

A) allocation approach

B) unadjusted approach

C) proration approach

D) adjusted approach

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