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Accounting MCQs with Answers

If the inventory level decreases then operating income, under variable costing, will be reported ___________?

April 20, 2025 by admin
A. more
B. less
C. zero
D. none of above
Categories Accounting MCQs with Answers Leave a comment

If the contribution margin per unit is $5000, the selling price is $1500 and the variable manufacturing cost per unit is $1200, then per unit cost of marketing will be ___________?

April 20, 2025 by admin
A. $4,200
B. $2,300
C. $7,700
D. $6,700
Categories Accounting MCQs with Answers Leave a comment

If the capacity utilization and its cost are fixed in product costing, the capacity management is ___________?

April 20, 2025 by admin
A. for short run
B. for long run
C. for one day
D. for few days
Categories Accounting MCQs with Answers Leave a comment

If the revenues are $25000 and through put contribution is $12000, then direct material cost of goods sold will be ____________?

April 20, 2025 by admin
A. $57,000
B. $37,000
C. $47,000
D. $13,000
Categories Accounting MCQs with Answers Leave a comment

Throughout the period costs, costing methods are treated as ___________?

April 20, 2025 by admin
A. manufacturing in period
B. expenses of period
C. incurred in period
D. accrual in period
Categories Accounting MCQs with Answers Leave a comment

The difference between absorption and variable costing is the accountability of ___________?

April 20, 2025 by admin
A. direct overhead
B. indirect overhead cost
C. fixed manufacturing cost
D. variable manufacturing cost
Categories Accounting MCQs with Answers Leave a comment

The method of inventory costing, in which all variable and fixed manufacturing cost is considered as inventoriable cost can be termed as __________?

April 20, 2025 by admin
A. absorption costing
B. variable costing
C. fixed costing
D. manufacturing cost
Categories Accounting MCQs with Answers Leave a comment

Direct material cost of sold goods is subtracted from revenues to calculate __________?

April 20, 2025 by admin
A. accrual contribution
B. indirect contribution
C. throughput contribution
D. direct contribution
Categories Accounting MCQs with Answers Leave a comment

The standard cost of allocation base, allowed to output achieved, is multiplied to standard variable overhead rate is to calculate __________?

April 20, 2025 by admin
A. indirect manufacturing overhead cost
B. direct manufacturing overhead cost
C. fixed manufacturing overhead cost
D. variable manufacturing overhead cost
Categories Accounting MCQs with Answers Leave a comment

If the change in variable costing in operating income is $18000 and contribution margin per unit is $9000, then change in sold units will be __________?

April 20, 2025 by admin
A. $2 per unit
B. $3 per unit
C. $4 per unit
D. $5 per unit
Categories Accounting MCQs with Answers Leave a comment
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