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Common Costs Quiz Questions and Answers 162 PDF Download

Common costs quiz questions and answers, common costs online learning, MBA accounting test prep 162 for distance learning online MBA programs. College and university courses MCQs on department costs, common costs and revenues quiz, common costs multiple choice questions to practice accounting quiz with answers. Learn common costs MCQs, career aptitude test on 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.

Practice common costs career test with multiple choice question (MCQs): according to incremental method, party which receives highest ranking in allocation of common cost is classified as, for online business degree programs with options third incremental party, second incremental party, primary party, first incremental party for business management degree online. Learn department costs, common costs and revenues questions and answers with problem-solving skills assessment test for master's degree entrance exam preparation. Common Costs Video

Quiz on Common Costs Worksheet 162Quiz 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

C

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

A

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

A

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

C

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

B