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WAM and Spoilage Quizzes Online MCQs PDF Download eBook

WAM and Spoilage quiz questions, wam and spoilage multiple choice questions and answers PDF 167 to learn accounting course for online certification. Practice Process Costing quiz with answers, wam and spoilage Multiple Choice Questions (MCQ) for online accounting degree. Free wam and spoilage MCQs, allocating costs: multiple support departments, total costs and unit costs, price and efficiency variance, information and decision process, wam and spoilage test prep for online schools for business management degrees.

"If the cost incurred for work in process inventory is $350000 and total equivalent units completed till date are 3500, then weighted average cost will be", wam and spoilage Multiple Choice Questions (MCQ) with choices $100, $10, $1,000, and $1,200 for online bachelors degree. Learn process costing questions and answers to improve problem solving skills for free online classes. WAM & Spoilage Video

WAM & Spoilage Questions and Answers PDF Download eBook

WAM and Spoilage Quiz

MCQ: If the cost incurred for work in process inventory is $350000 and total equivalent units completed till date are 3500, then weighted average cost will be

  1. $10
  2. $100
  3. $1,000
  4. $1,200

B

Information and Decision Process Quiz

MCQ: The first step in decision making process is to

  1. identify the problem
  2. identify the linear variable
  3. identify the certainty
  4. identify the multiplier

A

Price and Efficiency Variance Quiz

MCQ: If the price variance is $30 and the budgeted input price is $80, then an actual price would be

  1. −$110
  2. −$50
  3. $110
  4. $50

C

Total Costs and Unit Costs Quiz

MCQ: Total cost of producing similar products divided by number of units produced is a technique known as

  1. sale costing system
  2. job costing system
  3. price costing system
  4. process costing system

D

Allocating Costs: Multiple Support Departments Quiz

MCQ: The method, which allocates cost of support department for operating departments by recognizing all the mutual services provided is classified as

  1. indirect method
  2. direct method
  3. step down method
  4. reciprocal method

D