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Period Costs trivia questions and answers, period costs quiz answers PDF 207 to practice accounting exam questions for online classes. Practice Accounting Concepts trivia questions and answers, period costs Multiple Choice Questions (MCQ) for online accounting degree. Free period costs MCQs, single rate and dual rate methods, revenue allocation and bundled products, net realizable value method, use of variances, period costs test prep for grad cert business administration.
"In the income statement of merchandising costs, the period cost includes all costs which are not related to", period costs Multiple Choice Questions (MCQ) with choices cost of manufacturing goods, cost of resale goods, timed resale of goods, and cost of purchased goods for online accounting degree programs. Learn accounting concepts questions and answers to improve problem solving skills for business administration bachelor degree online. Period Costs Video
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MCQ: In the income statement of merchandising costs, the period cost includes all costs which are not related to
- cost of resale goods
- cost of manufacturing goods
- timed resale of goods
- cost of purchased goods
D
MCQ: If the static budget variance is $38000 and the static budget amount is $12000, then an actual result would be
- $36,000
- $60,000
- $26,000
- $50,000
D
MCQ: If the net realizable value is $20000 and the separable costs are $18000, then the final sales will be
- $20,000
- $18,000
- $2,000
- $38,000
D
MCQ: The process in which earned revenue is related to specific revenue object, which can cannot trace it in cost effective way is known as
- revenue allocation
- revenue object
- revenue increment
- reciprocal revenue
A
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 the total cost would be
- $2,078,000
- $3,078,000
- $2,065,000
- $3,065,000
C