Process Costing System MCQs Quiz Online PDF Download

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Study bachelors and masters in accounting degree MCQs: total costs incur in a production process, is divided by total number of output units, to calculate the, for online courses with choices cost of indirect labor, cost of direct labor, cost of direct material, and unit costs for online universities' examination to practice logic questions for free online competitions and examinations. Free skills assessment test is for online learn process costing system quiz questions with MCQs, exam preparation questions and answers to prepare entrance exam for admission in cheapest online MBA program. Process Costing System Video

MCQs on Process Costing SystemQuiz PDF Download

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: 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: First step in process costing system is to

  1. summarize flow of output
  2. compute output in units
  3. summarize total costs
  4. compute cost for each equivalent unit

A

MCQ: Fifth step in process costing system is to

  1. allocate separable costs
  2. allocate joint costs
  3. compute gross margin
  4. assign total cost to completed units

D

MCQ: Forth step in process costing system is to

  1. summarize total costs
  2. compute cost for each equivalent unit
  3. summarize flow of output
  4. compute output in units

B