Period Costs MCQs Quiz Online PDF Download

Learn period costs MCQs, cost accounting test for online courses learning and test prep to practice. Accounting concepts quiz has multiple choice questions (MCQ), period costs quiz questions and answers to learn for online cost accounting standards course test.

Cost accounting practice test MCQ on period cost, which consists income statement of manufacturing companies belong to with options inventory costs, product costs, non-manufacturing costs and manufacturing costs problem solving skills for viva, competitive exam prep, interview questions with answer key. Free study guide is for online learning period costs quiz with MCQs to practice test questions with answers. Period Costs Video

MCQs on Period Costs Quiz PDF Download

MCQ. period cost, which consists income statement of manufacturing companies belong to

  1. inventory costs
  2. product costs
  3. non-manufacturing costs
  4. manufacturing costs

C

MCQ. Costs which are considered as expenses in accounting period are also known as

  1. inventory costs
  2. period costs
  3. timed costs
  4. labor overheads

B

MCQ. Master budget, which is based on planned output level at start of budget period is considered as

  1. static budget
  2. varied budget
  3. marketing budget
  4. methodological budget

A

MCQ. In income statement of merchandising costs, period cost includes all costs which are not related to

  1. cost of resale goods
  2. cost of manufacturing goods
  3. timed resale of goods
  4. cost of purchased goods

D