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Common Costs Quiz Questions and Answers 162 PDF Download

Learn common costs quiz, online cost accounting test 162 for online courses, distance learning. Free accounting MCQs questions and answers to learn common costs MCQs with answers. Practice MCQs to test knowledge on common costs, total costs and unit costs, inventory costing methods, inventory costing: manufacturing companies, variable and fixed overhead costs for BBA entrance exam's questions.

Free common costs course worksheet has multiple choice quiz question as according to incremental method, party which receives highest ranking in allocation of common cost is classified as with options third incremental party, second incremental party, primary party and first incremental party with problems solving answer key to test study skills for online e-learning, viva help and jobs' interview preparation tips, study department costs, common costs & revenues multiple choice questions based quiz question and answers. Common Costs Video

Quiz on Common Costs Quiz PDF Download Worksheet 162

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