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Period Costs Quiz Questions and Answers 207 PDF Download

Learn period costs quiz questions, online MBA cost accounting test 207 for distance learning degree, online MBA courses. Colleges and universities courses, MCQ on accounting concepts quiz, period costs multiple choice questions and answers to learn accounting quiz with answers. Practice period costs MCQ career test assessment on single rate and dual rate methods, revenue allocation and bundled products, net realizable value method, use of variances, period costs practice test for online bachelors degree courses distance learning.

Study BBA degree and executive MBA degree in accounting questions, period costs online course has multiple choice question (MCQ): in income statement of merchandising costs, period cost includes all costs which are not related to with options cost of resale goods, cost of manufacturing goods, timed resale of goods and cost of purchased goods for online interview questions and answers for teaching assistant jobs, teacher jobs and tutoring jobs. Learn accounting concepts quiz questions with problem solving skills assessment test with online GMAT prep for GMAT exam preparation. Period Costs Video

Quiz on Period Costs Worksheet 207Quiz PDF 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