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Accounting MCQs with Answers

In cost accounting, the types of inventory do not include ______________?

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

The cost computed by dividing total manufacturing cost and total manufactured units is known as ____________?

April 20, 2025 by admin
A. per unit cost
B. total cost
C. total indirect cost
D. total effective cost
Categories Accounting MCQs with Answers Leave a comment

An inventory which consists of stock waiting to be used In the process of manufacturing is known as ___________?

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 companies in the industry that purchase the finished goods, and further sell the products into the market are classified as ______________?

April 20, 2025 by admin
A. service sector companies
B. raw material companies
C. manufacturing sector companies
D. merchandising sector companies
Categories Accounting MCQs with Answers Leave a comment

Companies that are part of an industry of ‘service providers’ are ____________?

April 20, 2025 by admin
A. manufacturing sector companies
B. merchandising sector companies
C. service sector companies
D. raw material companies
Categories Accounting MCQs with Answers Leave a comment

The service sector companies include _____________?

April 20, 2025 by admin
A. cellular phone producers
B. mutual fund companies
C. radio stations
D. wholesalers
Categories Accounting MCQs with Answers Leave a comment

If the total manufacturing cost is $60000 and the total units manufactured is 3000 units, then the per unit cost will be ____________?

April 20, 2025 by admin
A. $40
B. $20
C. $60
D. $80
Categories Accounting MCQs with Answers Leave a comment

The manufacturing sector companies include ____________?

April 20, 2025 by admin
A. distribution companies
B. textile companies
C. retailing companies
D. internet service providers
Categories Accounting MCQs with Answers Leave a comment

The merchandising sector companies include _____________?

April 20, 2025 by admin
A. food processing companies
B. automotive companies
C. distribution companies
D. advertising agencies
Categories Accounting MCQs with Answers Leave a comment

The companies that buy the raw materials and convert them into the finished goods for customers are a part of ____________?

April 20, 2025 by admin
A. manufacturing sector companies
B. merchandising sector companies
C. service sector companies
D. raw material companies
Categories Accounting MCQs with Answers Leave a comment
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