Operation Costing MCQs Quiz Online PDF Download

Learn operation costing MCQs, cost accounting test for online courses learning and test prep to practice. Process costing quiz has multiple choice questions (MCQ), operation costing quiz questions and answers to learn for online generally accepted accounting principles course test.

Cost accounting practice test MCQ on in process costing method, when work done in current accounting period, and beginning inventory before current accounting period, is classified as with options partial inventory costing method, current period inventory method, last-in, first-out method and first-in, first-out method problem solving skills for viva, competitive exam prep, interview questions with answer key. Free study guide is for online learning operation costing quiz with MCQs to practice test questions with answers. Operation Costing Video

MCQs on Operation Costing Quiz PDF Download

MCQ. In process costing method, when work done in current accounting period, and beginning inventory before current accounting period, is classified as

  1. partial inventory costing method
  2. current period inventory method
  3. Last-in, first-out method
  4. First-in, first-out method

D

MCQ. Standardized technique that is performed repetitively on different kind of materials to convert them into different finished products is known as

  1. conversion process
  2. operation
  3. hybridization
  4. both a and b

B

MCQ. Hybrid costing system, which is applied to batches of similar products, but are not identical is classified as

  1. incremental costing system
  2. split off costing system
  3. inventoriable costing system
  4. operation costing system

D