Process Costing System Quiz Questions and Answers 165 PDF Book Download

Process costing system quiz, process costing system MCQs answers, MBA accounting quiz 165 to learn accounting online courses. Colleges and universities courses MCQs, process costing quiz questions and answers, process costing system multiple choice questions to practice accounting quiz with answers. Learn process costing system MCQs, career test on types of spoilage, cost analysis, total costs and unit costs, process costing system test prep for accounting certifications.

Practice process costing system career test with multiple choice question (MCQs): if total incurred cost in a production process are \$30000 and number of output units are 5000 units, then units cost will be, with choices \$16, \$60, \$6, and \$26 for online degree in accounting and finance. Learn process costing questions and answers for scholarships exams' problem-solving, assessment test for finance certifications. Process Costing System Video

Quiz on Process Costing System Worksheet 165Quiz Book Download

Process Costing System Quiz

MCQ: If total incurred cost in a production process are \$30000 and number of output units are 5000 units, then units cost will be

1. \$16
2. \$60
3. \$6
4. \$26

C

Total Costs & Unit Costs Quiz

MCQ: Quantity of manufactured goods are sold at which total cost equal, is known as

1. breakeven point
2. cost point
3. revenue point
4. quantity point

A

Cost Analysis Quiz

MCQ: In costing of project, wages paid to workers for unproductive work at time of material shortage is termed as

1. indirect wages
2. health wages
3. idle time wages
4. shortage time wages

C

Types of Spoilage Quiz

MCQ: An amount of spoilage that is natural in any particular production process is classified as

1. normal scrap
2. normal spoilage
3. abnormal spoilage
4. weighted spoilage

B

Revenue Allocation Methods Quiz

MCQ: Method of revenue allocation, which ranks products included in bundle according to predetermined criteria of management is known as

1. step down allocation method
2. stand-alone revenue allocation method
3. incremental revenue allocation method
4. revenue mix allocation method

C