Process Costing System MCQs Questions and Answers PDF Book Download

Process costing system multiple choice questions (MCQs), process costing system quiz answers to learn online accounting degree courses. Process costing MCQs with answers, process costing system quiz questions and answers for business administration degree online. Learn process costing system test prep for financial business analyst certification.

Learn process costing test MCQs: total costs incur in a production process, is divided by total number of output units, to calculate the, with choices cost of indirect labor, cost of direct labor, cost of direct material, and unit costs for business administration degree online. Practice merit scholarships assessment test, online learning process costing system quiz questions for competitive assessment in business majors . Process Costing System Video

MCQ on Process Costing SystemQuiz Book 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