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Process Costing Multiple Choice Questions 1 PDF Download

Learn process costing multiple choice questions (MCQs), cost accounting test 1 for online course prep exams. Practice transferred in costs: process costing MCQs questions and answers on transferred in costs process costing, process costing system, weighted average method test for online bachelor degree courses distance learning.

Free process costing quiz online, study guide has 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 management degree preparation with distance learning eCourses. Study to learn transferred in costs: process costing quiz questions with online learning MCQs for competitive exam preparation test. Transferred In Costs: Process Costing Video

MCQ on Process Costing Test 1 Quiz PDF 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