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Cost Accounts Quiz Questions and Answers PDF Download eBook

Cost Accounts quiz questions and answers, cost accounts MCQs with answers PDF 202 to practice accounting mock tests for online graduate programs. Practice Inventory Management, Just in Time and Costing Methods quiz questions with answers, cost accounts Multiple Choice Questions (MCQ) for online accounting degree. Free cost accounts MCQs, overhead cost variance analysis, weighted average method, use of variances, customer revenues and costs, cost accounts test prep for online bachelor's degree in business management.

"The costs of issuing purchase orders, making of delivery records for tracking payments and costs of inspection of items are classified as", cost accounts Multiple Choice Questions (MCQ) with choices ordering costs, stock-out costs, carrying costs, and purchasing costs for online accounting masters programs. Learn inventory management, just in time and costing methods questions and answers to improve problem solving skills for online BBA degree. Cost Accounts Video

Quiz on Cost Accounts PDF Download eBook

Cost Accounts Quiz

MCQ: The costs of issuing purchase orders, making of delivery records for tracking payments and costs of inspection of items are classified as

  1. stock-out costs
  2. ordering costs
  3. carrying costs
  4. purchasing costs

B

Customer Revenues and Costs Quiz

MCQ: In customer cost hierarchy, the costs of those activities that cannot be traced to distribution channels or individual customers are called

  1. discretionary channel costs
  2. corporate-sustaining costs
  3. distribution-channel costs
  4. engineered resource costs

B

Use of Variances Quiz

MCQ: The consideration of increased operating income relative to budgeted amount is classified as

  1. favorable variance
  2. unfavorable variance
  3. revenue variance
  4. cost variance

A

Weighted Average Method Quiz

MCQ: Total cost related to work in process inventory is divided by total units of work done is used to calculate

  1. Gross weighted margin
  2. weighted average revenue
  3. weighted average cost
  4. weighted average conversion cost

C

Overhead Cost Variance Analysis Quiz

MCQ: In overhead cost variance analysis, the fixed overhead does not include

  1. efficiency variance
  2. unfavorable variance
  3. production volume variance
  4. favorable variance

A