MBA Cost Accounting Practice Test 59

Absorption Costing Quiz PDF: Questions and Answers - 59

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The Quiz: An income statement in absorption costing follows the format of; "Absorption Costing" App Download (Android & iOS) Free with answers sales margin, inventory margin, gross margin and production margin to learn online MBA accounting courses. Practice capacity analysis and inventory costing questions and answers, Google eBook to download free sample for online schools for business management degrees.

Absorption Costing Questions and Answers PDF Download: Quiz 59

MCQ 291: An income statement in absorption costing follows the format of

A) inventory margin

B) sales margin

C) Gross margin

D) production margin

MCQ 292: If the payback period is 4 years and the uniform increases in cash flows per year is $2750000, then the net initial investment can be

A) $10,511,000

B) $12,105,000

C) $1,100,000

D) $11,000,000

MCQ 293: The small residual terms and positive slope of line indicate

A) badness proportions

B) goodness proportion

C) inversely proportion

D) directly proportion

MCQ 294: The performance is evaluated only on the basis of price variance, if the performance evaluation is

A) positive

B) negative

C) zero

D) one

MCQ 295: The single or multiple units of distinct services or products are classified as

A) cost

B) job

C) post

D) price

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