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Practice inventory costing methods career test with multiple choice question (MCQs): an actual quantity of input use is multiplied to actual prices, to calculate direct variable manufacturing cost in, for e-learning degree certificate with options actual costing method, normal costing method, direct costing method, indirect costing method for business administration degree online. Learn capacity analysis and inventory costing questions and answers with problem-solving skills assessment test with MBA GMAT prep for online GMAT exam preparation. Inventory Costing Methods Video

Inventory Costing Methods Quiz

MCQ: An actual quantity of input use is multiplied to actual prices, to calculate direct variable manufacturing cost in

1. actual costing method
2. normal costing method
3. direct costing method
4. indirect costing method

A

Cost Analysis Dimensions Quiz

MCQ: Dimensional analysis of cost includes

1. horizontally across dimension
2. horizontally upward dimension
3. vertically upward dimension
4. both a and c

D

Inventory Costing: Manufacturing Companies Quiz

MCQ: In two of methods of costing, operating income will be different if the

1. fixed cost does not change
2. inventory changes
3. inventory does not change
4. fixed cost changes

B

Spoilage, Rework & Scrap Terminology Quiz

MCQ: An example of rework is

1. short lengths from wood work
2. defective aluminum cans recycled by manufacturer
3. detection of defective pieces before shipment
4. none of above

C

Prime Costs Quiz

MCQ: Prime cost is \$50000 and direct manufacturing labor is \$10000, then direct material cost will be

1. \$40,000
2. \$60,000
3. \$52,000
4. \$20,000

A