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Period Costs Quiz Questions and Answers PDF Download eBook

Period Costs quiz questions and answers, period costs MCQs with answers PDF 145 to practice accounting mock tests for online graduate programs. Practice Direct Cost Variances and Management Control quiz questions with answers, period costs Multiple Choice Questions (MCQ) for online accounting degree. Free period costs MCQs, budget indirect costs and end of financial year, conversion costs, customer revenues and costs, variable and fixed overhead costs, period costs test prep for grad cert business administration.

"The master budget, which is based on the planned output level at the start of budget period is considered as", period costs Multiple Choice Questions (MCQ) with choices varied budget, static budget, marketing budget, and methodological budget to study online MBA accounting courses. Learn direct cost variances and management control questions and answers to improve problem solving skills for business administration bachelor degree online. Period Costs Video

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Period Costs Quiz

MCQ: The master budget, which is based on the planned output level at the start of budget period is considered as

  1. static budget
  2. varied budget
  3. marketing budget
  4. methodological budget

A

Variable and Fixed Overhead Costs Quiz

MCQ: The variance is solely because of the difference between budgeted quantity and the

  1. flexible hours
  2. actual cost
  3. actual quantity
  4. actual price

C

Customer Revenues and Costs Quiz

MCQ: The customer sustaining costs, customer batch-level costs and customer output-unit level costs are classified as

  1. customer level indirect costs
  2. customer level direct costs
  3. corporate level direct costs
  4. corporate level indirect costs

A

Conversion Costs Quiz

MCQ: The direct manufacturing labor costs is $40000 and manufacturing overhead cost is $7000, then conversion cost would be

  1. $47,000
  2. $33,000
  3. $57,000
  4. $18,000

A

Budget Indirect Costs and End of Financial Year Quiz

MCQ: In a normal accounting period, the allocated amount of indirect cost is $2000 and the actual amount is $2200, it classified as

  1. over allocated budget
  2. under allocated budget
  3. under allocated indirect cost
  4. over allocated direct cost

A