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Process Costing System Quiz Questions and Answers 22 PDF Download

Learn process costing system quiz, online cost accounting test 22 for online courses, distance learning. Free accounting MCQs questions and answers to learn process costing system MCQs with answers. Practice MCQs to test knowledge on process costing system, variable and fixed overhead costs, learning growth perspective: quality improvements, fixed overhead cost variances, budget indirect costs and end of financial year for online classes for business degree preparation.

Free process costing system course worksheet has multiple choice quiz question as total costs incur in a production process, is divided by total number of output units, to calculate the with options cost of indirect labor, cost of direct labor, cost of direct material and unit costs with problems solving answer key to test study skills for online e-learning, viva help and jobs' interview preparation tips, study process costing multiple choice questions based quiz question and answers. Process Costing System Video

Quiz on Process Costing System Quiz PDF Download Worksheet 22

Process Costing System Quiz

MCQ. Total costs incur in a production process, is divided by total number of output units, to calculate the

  1. cost of indirect labor
  2. cost of direct labor
  3. cost of direct material
  4. unit costs


Variable & Fixed Overhead Costs Quiz

MCQ. Process of ensuring preventive measure to be done in all machines is classified as

  1. potential price response
  2. potential cost response
  3. potential budget response
  4. potential management response


Learning Growth Perspective: Quality Improvements Quiz

MCQ. If number of employees who left job are 40, total number of employees are 200, then employee turnover ratio will be

  1. 0.6
  2. 0.5
  3. 0.2
  4. 0.7


Fixed Overhead Cost Variances Quiz

MCQ. If an actual cost incurred is $627500, flexible budget amount is $358750, then fixed overhead variance of flexible-budget will be

  1. $218,750
  2. $238,750
  3. $258,750
  4. $268,750


Budget Indirect Costs & End of Financial Year Quiz

MCQ. In normal costing, situation in which allocated amount of indirect cost is greater than incurred cost, is considered as

  1. incurred indirect cost
  2. over allocated indirect cost
  3. applied indirect cost
  4. applied direct cost