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Accounting MCQs with Answers

The calculation of product cost, gathering information for planning and analyzing information for decisions making are the features of ________?

April 20, 2025 by admin
A. information accounting
B. cost accounting
C. analyzing accounts
D. marketing costs
Categories Accounting MCQs with Answers Leave a comment

The direct material cost is $75000 and direct manufacturing labor is $20000, then prime cost would be ________?

April 20, 2025 by admin
A. $55,000
B. $37,500
C. $95,000
D. $26,000
Categories Accounting MCQs with Answers Leave a comment

An acquisition cost of raw material is to be used in the manufacturing, and becoming a component of cost object is classified as _________?

April 20, 2025 by admin
A. direct material costs
B. indirect material costs
C. direct labor costs
D. indirect labor costs
Categories Accounting MCQs with Answers Leave a comment

The inventory of the final goods that are not yet sold is called __________?

April 20, 2025 by admin
A. finished goods inventory
B. indirect material inventory
C. direct materials inventory
D. work in process inventory
Categories Accounting MCQs with Answers Leave a comment

The health care premium for workers and the pension costs are included in _________?

April 20, 2025 by admin
A. payroll fringe costs
B. health costs
C. premium costs
D. workers costs
Categories Accounting MCQs with Answers Leave a comment

If the direct material cost is $5500 and the prime cost is $25000, then the direct manufacturing labor would be ___________?

April 20, 2025 by admin
A. $19,500
B. $30,500
C. $45,500
D. $22,500
Categories Accounting MCQs with Answers Leave a comment

If the direct material cost is $85000 and direct manufacturing labor is $25000, then prime cost would be _________?

April 20, 2025 by admin
A. $13,500
B. $55,600
C. $60,000
D. $110,000
Categories Accounting MCQs with Answers Leave a comment

In costing of project, the wages paid to workers for the unproductive work at the time of material shortage is termed as __________?

April 20, 2025 by admin
A. indirect wages
B. health wages
C. idle time wages
D. shortage time wages
Categories Accounting MCQs with Answers Leave a comment

The costs of all the activities for a group of products, rather than individual product can be classified as ___________?

April 20, 2025 by admin
A. activity level costs
B. input level costs
C. batch level costs
D. output level costs
Categories Accounting MCQs with Answers Leave a comment

In activity based costing system, the description of activity can be classified as __________?

April 20, 2025 by admin
A. activity list
B. activity dictionary
C. active purpose
D. both A and B
Categories Accounting MCQs with Answers Leave a comment
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