Process Costing System Quiz Questions and Answers PDF - 165

MCQ 821: If the total incurred cost in a production process are $30000 and the number of output units are 5000 units, then the units cost will be

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

MCQ 822: The quantity of manufactured goods are sold at which the total cost equal, is known as

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

MCQ 823: In costing of project, the wages paid to workers for the unproductive work at the time of material shortage is termed as

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

MCQ 824: 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

MCQ 825: The 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