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Accounting MCQs with Answers

The balance sheet, in which all the costs of the product that must be considered as its assets, is said to be

April 20, 2025 by admin
A. factory overhead costs
B. manufacturing overhead costs
C. Inventoriable Costs
D. finished costs
Categories Accounting MCQs with Answers Leave a comment

The period cost, which consists the income statement of manufacturing companies belong to ____________?

April 20, 2025 by admin
A. inventory costs
B. product costs
C. non-manufacturing costs
D. manufacturing costs
Categories Accounting MCQs with Answers Leave a comment

The wages and other benefits, provided to assembly line workers and operators of machine are classified under the _____________?

April 20, 2025 by admin
A. work in process costs
B. finished costs
C. direct manufacturing labor costs
D. indirect manufacturing labor costs
Categories Accounting MCQs with Answers Leave a comment

The labor which works as forklift truck, plant guards and the rework labor is classified as ____________?

April 20, 2025 by admin
A. prime overhead
B. conversion overhead
C. factory overhead
D. manufacturing overhead
Categories Accounting MCQs with Answers Leave a comment

The costs which are considered as expenses in the accounting period are also known as ____________?

April 20, 2025 by admin
A. inventory costs
B. period costs
C. timed costs
D. labor overheads
Categories Accounting MCQs with Answers Leave a comment

All the costs, which are assigned to manufactured products for specific calculations are classified as ___________?

April 20, 2025 by admin
A. contracting costs
B. product cost
C. government costs
D. marketing costs
Categories Accounting MCQs with Answers Leave a comment

The conversion cost is subtracted from direct manufacturing labor cost to calculate the ____________?

April 20, 2025 by admin
A. direct overheads
B. overhead costs
C. factory overhead
D. manufacturing overhead cost
Categories Accounting MCQs with Answers Leave a comment

The supplies, plant maintenance, plant rent, plant insurance and cleaning labor come under the type of costs called ____________?

April 20, 2025 by admin
A. labor costs
B. factory overhead costs
C. finished costs
D. manufacturing costs
Categories Accounting MCQs with Answers Leave a comment

An overtime is considered in cost accounting as ___________?

April 20, 2025 by admin
A. indirect costs
B. overhead costs
C. premium costs
D. both a and b
Categories Accounting MCQs with Answers Leave a comment

The wages paid to workers of the factory are termed as ___________?

April 20, 2025 by admin
A. workers premium
B. overtime premium
C. factory premium
D. wage premium
Categories Accounting MCQs with Answers Leave a comment
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