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Period Costs Quiz Questions and Answers 207 PDF Book Download

Period costs quiz, period costs MCQs answers, MBA accounting quiz 207 to learn online accounting courses. Accounting concepts quiz questions and answers, period costs multiple choice questions (MCQ) to practice accounting quiz with answers for college and university courses. Learn period costs MCQs, career test on revenue allocation and bundled products, net realizable value method, use of variances, period costs test prep for CPA certification.

Practice period costs career test with multiple choice question (MCQs): in income statement of merchandising costs, period cost includes all costs which are not related to, with choices cost of resale goods, cost of manufacturing goods, timed resale of goods, and cost of purchased goods for online degree in accounting and finance. Learn accounting concepts questions and answers for scholarships exams' problem-solving, assessment test for business analyst certification. Period Costs Video

Quiz on Period Costs Worksheet 207Quiz Book Download

Period Costs Quiz

MCQ: In income statement of merchandising costs, period cost includes all costs which are not related to

  1. cost of resale goods
  2. cost of manufacturing goods
  3. timed resale of goods
  4. cost of purchased goods

D

Use of Variances Quiz

MCQ: If static budget variance is $38000 and static budget amount is $12000, then an actual result would be

  1. $36,000
  2. $60,000
  3. $26,000
  4. $50,000

D

Net Realizable Value Method Quiz

MCQ: If net realizable value is $20000 and separable costs are $18000, then final sales will be

  1. $20,000
  2. $18,000
  3. $2,000
  4. $38,000

D

Revenue Allocation & Bundled products Quiz

MCQ: Process in which earned revenue is related to specific revenue object, which can cannot trace it in cost effective way is known as

  1. revenue allocation
  2. revenue object
  3. revenue increment
  4. reciprocal revenue

A

Single Rate & Dual Rate Methods Quiz

MCQ: Considering dual rate method, if employees work for 8500 budgeted hours at $120 per hour, and work for 9500 actual hours at $110 per hour, then total cost would be

  1. $2,078,000
  2. $3,078,000
  3. $2,065,000
  4. $3,065,000

C