Inventory Costing Methods Quiz Questions and Answers PDF Download eBook
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"If the per unit budget per unit cost is $200 and budgeted production units are 350, then fixed budgeted manufacturing costs will be", inventory costing methods Multiple Choice Questions (MCQ) with choices $60,000, $40,000, $70,000, and $50,000 to learn accounting degree courses. Learn capacity analysis and inventory costing questions and answers to improve problem solving skills for online degrees. Inventory Costing Methods Video
Quiz on Inventory Costing Methods PDF Download eBook
MCQ: If the per unit budget per unit cost is $200 and budgeted production units are 350, then fixed budgeted manufacturing costs will be
- $40,000
- $60,000
- $70,000
- $50,000
C
MCQ: In financial accounting, an emphasis and focus is considered as
- communication oriented
- bank oriented
- future oriented
- past oriented
D
MCQ: If the residual error is 51 and the predicted cost value is 37, then the observed cost value will be
- 14
- 88
- 24
- 68
B
MCQ: The variable overhead flexible budget variance is added to flexible budget amount to calculate
- actual cost incurred
- fixed cost incurred
- variable cost incurred
- manufacturing cost incurred
A
MCQ: The product costing technique in which markup component is added into cost base, to set a target price is known as
- market based approach
- cost incurrence pricing
- cost plus pricing
- locked-in cost pricing
C