A. conversion expense costing system
B. inventory costing system
C. process costing system
D. job costing system
Related Mcqs:
- The costing technique, which classify all the activities in costing hierarchy is classified as ____________?
A. activity based costing
B. non-financial costing
C. profit costing
D. lump sum costing - The costing system, which is a combination of process costing and job costing system, is classified as __________?
A. weighted costing system
B. average costing system
C. hybrid costing system
D. double costing system - In normal costing, the situation in which the allocated amount of indirect cost is greater than the incurred cost, is considered as _____________?
A. incurred indirect cost
B. over allocated indirect cost
C. applied indirect cost
D. applied direct cost - A unit cost calculated in costing system, by assigning total costs incurred to many similar units is categorized as _________?
A. accounting period costing system
B. process costing system
C. job costing system
D. none of above - 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 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 and allocating situation, in which the indirect cost allocated amount is less than actually incurred amount is known as ___________?
A. over allocated budget
B. under allocated budget
C. under allocated indirect cost
D. over allocated direct cost - If an actual indirect cost incurred is $25000 and the indirect cost allocated is $23000, then the over allocated indirect cost would be ________?
A. $48,000
B. −$2000
C. $2,000
D. −$48000 - The per unit opportunity cost to the selling subunit of company, is added into per unit incremental cost is incurred at point of transfer to calculate ____________?
A. minimum operating cost
B. maximum operating costs
C. maximum transfer price
D. minimum transfer price - If the fixed manufacturing cost expenses are under variable costing and are not expensed in absorption costing, it is resulting in _________?
A. production exceeds breakeven sales
B. breakeven sales exceeds production
C. price exceeds cost
D. cost exceeds price
