Process Costing System Quiz Questions and Answers 22 PDF Download

Learn process costing system quiz online, cost accounting test 22 for online learning, distance learning courses. Free process costing quiz, process costing system multiple choice questions and answers to learn accounting quiz with answers. Practice tests for educational assessment on process costing system test with answers, budget indirect costs and end of financial year, fixed overhead cost variances, learning growth perspective: quality improvements, variable and fixed overhead costs, process costing system practice test for online BBA degree courses distance learning.

Free online process costing system course worksheet has multiple choice quiz question: 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 for online subjective and objective university majors eLearning for undergraduate and graduate degrees' study tests, study process costing multiple choice questions based quiz question and answers for admission test preparation for admission in distance learning MBA. Process Costing System Video

Quiz on Process Costing System Worksheet 22 Quiz PDF Download

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

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

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