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Process Costing Multiple Choice Questions 1 PDF eBook Download

Process costing multiple choice questions (MCQs), process costing quiz answers, MBA accounting test prep 1 to learn accounting online for accounting certifications. Transferred in costs: process costing MCQs, 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 online college courses.

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

MCQs on Process Costing Test 1 PDF eBook 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