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Accounting MCQs with Answers

In cost terms, the direct manufacturing labor cost is included in ___________?

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

The direct manufacturing labor costs is added into manufacturing overhead cost to calculate ___________?

April 20, 2025 by admin
A. transaction costs
B. conversion costs
C. resale costs
D. merchandise costs
Categories Accounting MCQs with Answers Leave a comment

The labor related to the manufacturing of the product can be classified under _____________?

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

The conversion cost is $2000 and the manufacturing overhead cost is $7000, then the direct manufacturing labor cost will be _________?

April 20, 2025 by admin
A. $27,000
B. $13,000
C. $130,000
D. $29,500
Categories Accounting MCQs with Answers Leave a comment

The terms used in manufacturing cost systems are ____________?

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

In an income statement, when costs become cost of sold goods and manufactured products are sold, such costs are

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

The prime cost is $50000 and the direct manufacturing labor is $10000, then the direct material cost will be ____________?

April 20, 2025 by admin
A. $40,000
B. $60,000
C. $52,000
D. $20,000
Categories Accounting MCQs with Answers Leave a comment

The direct service labor is $5000, the idle time wages are $1000 and the overtime premium is $450, then the total figure would be _________?

April 20, 2025 by admin
A. $4,450
B. $6,450
C. $21,500
D. $14,300
Categories Accounting MCQs with Answers Leave a comment

The direct material costs are added into direct manufacturing costs, to calculate _________?

April 20, 2025 by admin
A. discuss costs
B. prime costs
C. resale cost
D. merchandise costs
Categories Accounting MCQs with Answers Leave a comment

If the direct service labor is $7000, the idle time wages are $2000 and the overtime premium is $950, then the total figure would be __________?

April 20, 2025 by admin
A. $5,850
B. $5,950
C. $9,950
D. $10,050
Categories Accounting MCQs with Answers Leave a comment
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