Prime Costs MCQs Quiz Online PDF Download

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

Cost accounting practice test MCQ on direct manufacturing labor costs is added into manufacturing overhead cost to calculate with options transaction costs, conversion costs, resale costs and merchandise costs problem solving skills for viva, competitive exam prep, interview questions with answer key. Free study guide is for online learning prime costs quiz with MCQs to practice test questions with answers. Prime Costs Video

MCQs on Prime Costs Quiz PDF Download

MCQ. Direct manufacturing labor costs is added into manufacturing overhead cost to calculate

  1. transaction costs
  2. conversion costs
  3. resale costs
  4. merchandise costs

B

MCQ. In cost terms, direct manufacturing labor cost is included in

  1. manufacturing costs
  2. prime costs
  3. conversion costs
  4. both B and C

D

MCQ. Prime cost is $50000 and direct manufacturing labor is $10000, then direct material cost will be

  1. $40,000
  2. $60,000
  3. $52,000
  4. $20,000

A

MCQ. Direct material cost is $75000 and direct manufacturing labor is $20000, then prime cost would be

  1. $55,000
  2. $37,500
  3. $95,000
  4. $26,000

C

MCQ. If direct material cost is $5500 and prime cost is $25000, then direct manufacturing labor would be

  1. $19,500
  2. $30,500
  3. $45,500
  4. $22,500

A