Refining Costing System MCQs Quiz Online PDF Download

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MCQs on Refining Costing SystemQuiz PDF Download

MCQ: Costs of all activities for individual products or services can be called

  1. purpose level costs
  2. output-unit level costs
  3. input-unit level costs
  4. activity level costs


MCQ: Broad's average use to assign cost of revenue to cost objects will be classified as

  1. refined costing system
  2. refined selling system
  3. undefined costing
  4. defined selling system


MCQ: Cost pool category, which have similar cause and effect relationship, with each cost driver uses as an allocation base is classified as

  1. heterogeneous price pool
  2. homogenous cost pool
  3. heterogeneous cost pool
  4. homogenous price pool


MCQ: Hierarchy which is based on different types of cost allocation and drivers, to categorize cost pool activity is classified as

  1. cost hierarchy
  2. price hierarchy
  3. activity hierarchy
  4. purpose hierarchy