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Normal Costings Quiz Questions and Answers 86 PDF Download

Learn normal costings quiz online, cost accounting test 86 for online learning, distance learning courses. Free normal costings MCQs questions and answers to learn accounting quiz with answers. Practice tests for educational assessment on normal costings test with answers, revenue allocation methods, constant gross margin percentage nrv method, inventory costing methods, normal costings practice test for online master of professional accounting courses distance learning.

Free online normal costings course worksheet has multiple choice quiz question: manufacturing overhead cost allocated to individual jobs is classified as with options manufacturing overhead allocated, cost overhead applied, manufacturing overhead applied and both a and c for online competitive test preparation for job hiring, graduate jobs and research jobs preparation, study job costing multiple choice questions based quiz question and answers to prepare entrance exam for admission in MBA degree online. Normal Costings Video

Quiz on Normal Costings Worksheet 86 Quiz PDF Download

Normal Costings Quiz

MCQ: Manufacturing overhead cost allocated to individual jobs is classified as

  1. manufacturing overhead allocated
  2. cost overhead applied
  3. manufacturing overhead applied
  4. both A and C

D

Inventory Costing Methods Quiz

MCQ: If target operating income is $45000 and contribution margin per unit is $500, then number of units must be sold to earn targeted operating incomes will be

  1. 100 units
  2. 90 units
  3. 110 units
  4. 120 units

B

Inventory Costing Methods Quiz

MCQ: Measuring of capacity in terms of normal capacity utilization is also termed as

  1. output demanded
  2. input demanded
  3. capacity supplied
  4. capacity borrowed

A

Constant Gross Margin Percentage NRV Method Quiz

MCQ: Second step, in constant gross margin percentage Net Realizable Value (NRV) method, to allocate joint cost is to compute

  1. allocated joint costs
  2. cost of split off point
  3. Gross margin percentage
  4. total production cost of each product

D

Revenue Allocation Methods Quiz

MCQ: In stand-alone revenue-allocation method, type of weights available for this method are

  1. selling prices as weights
  2. unit costs as weights
  3. physical units as weights
  4. all of above

D