MCQOPTIONS
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MCQOPTIONS
This section includes 657 Mcqs, each offering curated multiple-choice questions to sharpen your Testing Subject knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
For the companies in service sector, the cost which is not considerable is |
| A. | Inventoriable costs |
| B. | finished costs |
| C. | factory overhead costs |
| D. | manufacturing overhead costs |
| Answer» B. finished costs | |
| 2. |
The conversion cost is $25000 and direct manufacturing labor cost is $17000 then the manufacturing overhead cost is |
| A. | $14,700 |
| B. | $68,000 |
| C. | $8,000 |
| D. | $42,000 |
| Answer» D. $42,000 | |
| 3. |
In the income statement of merchandising costs, the period cost includes all costs not related to |
| A. | cost of resale goods |
| B. | cost of manufacturing goods |
| C. | timed resale of goods |
| D. | cost of purchased goods |
| Answer» E. | |
| 4. |
The conversion cost is subtracted from direct manufacturing labor cost to calculate |
| A. | direct overheads |
| B. | overhead costs |
| C. | factory overhead |
| D. | manufacturing overhead cost |
| Answer» E. | |
| 5. |
The prime cost is $50000 and the direct manufacturing labor is $10000 then the direct material cost is |
| A. | $40,000 |
| B. | $60,000 |
| C. | $52,000 |
| D. | $20,000 |
| Answer» B. $60,000 | |
| 6. |
The direct material cost is $5500 and the prime cost is $25000 then the direct manufacturing labor is |
| A. | $19,500 |
| B. | $30,500 |
| C. | $45,500 |
| D. | $22,500 |
| Answer» B. $30,500 | |