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Process Costing Multiple Choice Questions and Answers 1 PDF Book Download

Process costing MCQs, process costing quiz with answers to learn MBA accounting quiz 1 for accounting online courses. Learn transferred in costs: process costing multiple choice questions (MCQs), process costing quiz questions and answers. Free e-learning tutorial on transferred in costs: process costing, process costing system, weighted average method test prep for certified financial advisors.

Practice process costing career test with multiple choice question: total costs incur in a production process, is divided by total number of output units, to calculate the, to learn finance and accounting degree with options cost of direct labor, cost of indirect labor, cost of direct material, unit costs for financial planner jobs. Professional skills assessment test with online learning transferred in costs: process costing quiz questions with financial accounting MCQs for certified financial advisors. 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