Process Costing System MCQs Quiz Online PDF Download

Learn process costing system MCQs, cost accounting test for online courses learning and test prep to practice. Process costing quiz has multiple choice questions (MCQ), process costing system quiz questions and answers to learn for online classes for business degree preparation.

Cost accounting practice test MCQ on total costs incur in a production process, is divided by total number of output units, to calculate with options cost of indirect labor, cost of direct labor, cost of direct material and unit costs problem solving skills for viva, competitive exam prep, interview questions with answer key. Free study guide is for online learning process costing system quiz with MCQs to practice test questions with answers. Process Costing System Video

MCQs on Process Costing System Quiz 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