A. summarize total costs
B. compute cost for each equivalent unit
C. summarize flow of output
D. compute output in units
Accounting Mcqs
Accounting Mcqs for Preparation of various Test announced by Fpsc, kppsc, Nts, ppsc. accounting mcqs for accountant. These Mcqs are very helpful for the Preparation of various posts of Senior Auditor, Junior Auditor, Accountant and for Cost Accountant.
Principles of Accounting, Accounting Equation, Analyzing & Classifying Transaction, Journal, Ledger, Banking Transactions, Cash book and Bank Reconciliation Statement, Bill of Exchange, Capital & Revenue, Rectification of Errors, Final Accounts, Adjustments.
A. allocate separable costs
B. allocate joint costs
C. compute gross margin
D. assign total cost to completed units
A. partial work costs
B. transferred-in costs
C. transferred-out costs
D. weighted average costs
A. 1800 units
B. 2300 units
C. 10300 units
D. 1500 units
A. 1800 units
B. 1500 units
C. 1300 units
D. 1500 units
A. transferred-in costs
B. transferred-out costs
C. FIFO costs
D. LIFO costs
A. cost of indirect labor
B. cost of direct labor
C. cost of direct material
D. unit costs
A. accounting period costing system
B. process costing system
C. job costing system
D. none of above
A. summarize flow of output
B. compute output in units
C. summarize total costs
D. compute cost for each equivalent unit
A. partial inventory costing method
B. current period inventory method
C. Last-in, first-out method
D. First-in, first-out method
