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Process Costing Multiple Choice Questions and Answers 1 PDF Download

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

Study bachelor of business administration and masters in accounting degree courses, process costing quiz, study guide has multiple choice question (MCQs): cost of previous department is a part of with options transferred-out costs, transferred-in costs, fifo costs and lifo costs for online management degree preparation with distance learning eCourses. Practice skills assessment test to learn online transferred in costs: process costing quiz questions with financial accounting MCQs with MBA GMAT prep for online GMAT exam preparation. Transferred In Costs: Process Costing Video

MCQ on Process Costing Test 1Quiz 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