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Common Costs Quiz Questions and Answers 162 PDF Download

Learn common costs quiz online, cost accounting test 162 for online learning, distance learning courses. Free common costs MCQs questions and answers to learn accounting quiz with answers. Practice tests for educational assessment on common costs test with answers, variable and fixed overhead costs, inventory costing: manufacturing companies, inventory costing methods, total costs and unit costs, common costs practice test for online masters degree in accounting courses distance learning.

Free online common costs course worksheet has multiple choice quiz question: according to incremental method, party which receives highest ranking in allocation of common cost is classified as with choices third incremental party, second incremental party, primary party and first incremental party for online eLearning for free hiring tests, pre-employment exams and job assessment test with answer keys, study department costs, common costs & revenues multiple choice questions based quiz question and answers. Common Costs Video

Quiz on Common Costs Worksheet 162 Quiz PDF Download

Common Costs Quiz

MCQ: According to incremental method, party which receives highest ranking in allocation of common cost is classified as

  1. Third incremental party
  2. second incremental party
  3. primary party
  4. First incremental party


Total Costs & Unit Costs Quiz

MCQ: If total manufacturing cost is $40000 and total units manufactured is 500 units, then per unit cost would be

  1. $80
  2. $65
  3. $7
  4. $35


Inventory Costing Methods Quiz

MCQ: If budgeted fixed manufacturing cost is $150000 and per unit cost is $120, then budgeted production units will be

  1. $1,250
  2. $1,350
  3. $1,450
  4. $1,550


Inventory Costing: Manufacturing Companies Quiz

MCQ: Production volume variance under absorption costing

  1. must be inventoriable
  2. must exist
  3. must not exist
  4. non-inventoriable


Variable & Fixed Overhead Costs Quiz

MCQ: Difference between actual quantity and budgeted quantity of cost allocation base is classified as

  1. fixed overhead efficiency variance
  2. variable overhead efficiency variance
  3. variable overhead manufacturing variance
  4. fixed overhead manufacturing variance