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Process Costing Multiple Choice Questions and Answers 1 PDF Book Download

Process costing multiple choice questions (MCQs), process costing quiz answers, MBA accounting test prep 1 to learn online accounting degree courses. Transferred in costs: process costing MCQs with answers, process costing quiz questions and answers for admission and merit scholarships test. Practice transferred in costs: process costing, process costing system, weighted average method career test for business analyst certification.

Learn process costing test with multiple choice question: cost of previous department is a part of, with choices transferred-out costs, transferred-in costs, fifo costs, and lifo costs for online business degree programs. Practice jobs' assessment test for online learning transferred in costs: process costing quiz questions with financial accounting MCQs for CPA certification. Transferred In Costs: Process Costing Video

MCQ on Process Costing Test 1Quiz Book Download

MCQ: Cost of previous department is a part of

  1. transferred-in costs
  2. transferred-out costs
  3. FIFO costs
  4. LIFO costs

A

MCQ: Total costs incur in a production process, is divided by total number of output units, to calculate the

  1. cost of indirect labor
  2. cost of direct labor
  3. cost of direct material
  4. unit costs

D

MCQ: If beginning work in process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and ending work in process equivalent units are 5000, then complete equivalent units in current period are

  1. 1800 units
  2. 1500 units
  3. 1300 units
  4. 1500 units

C

MCQ: A unit cost calculated in costing system, by assigning total costs incurred to many similar units is categorized as

  1. accounting period costing system
  2. process costing system
  3. job costing system
  4. none of above

B

MCQ: If beginning work in process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and units completed in current period are 4000, then ending work in process equivalent units will be

  1. 1800 units
  2. 2300 units
  3. 10300 units
  4. 1500 units

B