Building Block Concepts of Costing Systems MCQ (Multiple Choice Questions) PDF - 126

MCQ 626: The procedure of assigning the direct cost to any cost abject is classified as

1. sales allocation
2. cost tracing
3. cost allocation
4. sales tracing

MCQ 627: In super variable costing, all costs other than direct material costs are recorded in the period

1. of incurring
2. of sale
3. of manufacturing
4. of indirect recording

MCQ 628: All the salaries are paid to supervisors and engineers and cost of leasing equipment are classified as

1. variable setup costs
2. fixed setup costs
3. variable batch costs
4. fixed batch costs

MCQ 629: Joint cost allocation method for joint products, which is based on achievable value is known as

1. joint products value at split off method
2. main product cost at split off method
3. Gross realizable value method
4. net realizable value method

MCQ 630: The cost such as dispose value of an old machine is $6000 is classified as

1. irrelevant
2. depreciated cost
3. salvages
4. relevant