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Accounting MCQs with Answers

The broad’s average use to assign the cost of revenue to cost objects will be classified as ____________?

April 20, 2025 by admin
A. refined costing system
B. refined selling system
C. undefined costing
D. defined selling system
Categories Accounting MCQs with Answers Leave a comment

The product which requires low amount of resources, but incur high per unit cost is classified as __________?

April 20, 2025 by admin
A. expected under cost
B. expected over cost
C. product under costing
D. product over costing
Categories Accounting MCQs with Answers Leave a comment

The factors that accelerate the process of refining a costing system include ____________?

April 20, 2025 by admin
A. increase in product diversity
B. increase in indirect costs
C. product market competitions
D. all of above
Categories Accounting MCQs with Answers Leave a comment

In the activity based costing method implementation, the indirect costs are allocated by using the ___________?

April 20, 2025 by admin
A. no cost pool
B. One or two cost pools
C. sustained tracing
D. support tracing
Categories Accounting MCQs with Answers Leave a comment

The costing system, in which individual activities are identified as the cost object, is considered as _________?

April 20, 2025 by admin
A. manufactured costing
B. activity based costing
C. allocation costing
D. base costing
Categories Accounting MCQs with Answers Leave a comment

The product which requires large amount of resources, but incur low per unit cost is classified as __________?

April 20, 2025 by admin
A. product under costing
B. product over costing
C. expected under cost
D. expected over cost
Categories Accounting MCQs with Answers Leave a comment

In an innovation process, operation process and post sales services are all sub processes of a perspective, named __________?

April 20, 2025 by admin
A. internal business process perspective
B. external business process perspective
C. leadership perspective
D. reengineering perspective
Categories Accounting MCQs with Answers Leave a comment

Considering two fiscal years 2013 and 2014, an input price in 2013 and 2014 are $9 and $11 per unit respectively and input required units in 2013 to produce output in 2014 are 30000 units, then cost effect of price recovery will be ___________?

April 20, 2025 by admin
A. $60,000
B. $6,000
C. $65,000
D. $6,500
Categories Accounting MCQs with Answers Leave a comment

An example of direct engineered cost is _________?

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

The translation of organization strategy, and mission into performance measures to provide framework for strategy implementation is termed as __________?

April 20, 2025 by admin
A. differentiation scorecard
B. bargaining scorecard
C. leadership scorecard
D. balanced scorecard
Categories Accounting MCQs with Answers Leave a comment
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