A. accounting period costing system
B. process costing system
C. job costing system
D. none of above
Related Mcqs:
- If the total incurred cost in a production process are $30000 and the number of output units are 5000 units, then the units cost will be __________?
A. $16
B. $60
C. $6
D. $26 - If the beginning work in process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and ending work in process equivalent units are 5000, then complete equivalent units in current period are _____________?
A. 1800 units
B. 1500 units
C. 1300 units
D. 1500 units - If the beginning work in process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and units completed in current period are 4000, then ending work in process equivalent units will be ___________?
A. 1800 units
B. 2300 units
C. 10300 units
D. 1500 units - If the total manufacturing cost is $60000 and the total units manufactured is 3000 units, then the per unit cost will be ____________?
A. $40
B. $20
C. $60
D. $80 - If the total manufacturing cost is $40000 and the total units manufactured is 500 units, then the per unit cost would be __________?
A. $80
B. $65
C. $7
D. $35 - The budgeted total cost in indirect cost pool, is divided by budgeted total quantity of the cost allocation base, is calculated by _________?
A. budgeted direct cost rate
B. budgeted indirect cost rate
C. expected indirect cost rate
D. direct budget percentage - An indirect setup labor costs, costs of setup and equipment maintenance and costs of indirect material can be categorized as ______________?
A. variable batch costs
B. fixed batch costs
C. variable setup costs
D. fixed setup costs - If the beginning work in process inventory units are 2600, units started are 9000, ending work in process units are 2300 and the completed good units are 8000 then total spoilage will be ____________?
A. 1200 units
B. 990 units
C. 1100 units
D. 1000 units - If the cost incurred for work in process inventory is $350000 and total equivalent units completed till date are 3500, then weighted average cost will be __________?
A. $10
B. $100
C. $1,000
D. $1,200 - The costing method, which calculates per equivalent unit cost of all the production related work done, till calculated date is termed as __________?
A. weighted average method
B. net present value method
C. Gross production method
D. net present value method
