Process costing system quiz, process costing system MCQs answers, MBA accounting quiz 22 to learn online accounting courses. College and university courses MCQs, process costing quiz questions and answers, process costing system multiple choice questions to practice accounting quiz with answers. Learn process costing system MCQs, career test on fixed overhead cost variances, learning growth perspective: quality improvements, variable and fixed overhead costs, process costing system test prep for accounting certifications.

Practice process costing system career test with multiple choice question (MCQs): total costs incur in a production process, is divided by total number of output units, to calculate the, with choices cost of indirect labor, cost of direct labor, cost of direct material, and unit costs for online business degree. Learn process costing questions and answers for scholarships exams' problem-solving, assessment test for finance certifications. Process Costing System Video

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

D

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

D

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

C

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

D

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

B