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Normal Costings Quiz Questions and Answers 86 PDF Download

Learn normal costings quiz, online cost accounting test 86 for online courses, distance learning. Free accounting MCQs questions and answers to learn normal costings MCQs with answers. Practice MCQs to test knowledge on normal costings, inventory costing methods, constant gross margin percentage nrv method, revenue allocation methods for MBA test online for admission.

Free normal costings course worksheet has multiple choice quiz question as 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 with problems solving answer key to test study skills for online e-learning, viva help and jobs' interview preparation tips, study job costing multiple choice questions based quiz question and answers. Normal Costings Video

Quiz on Normal Costings Quiz PDF Download Worksheet 86

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