(A) Dividing required unit by ordered quantity
(B) Multiplying the required units with ordered quantity
(C) Multiplying the ordered quantity with cost per order
(D) Multiplying the required units with cost per order
Category: Accounting Mcqs
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Period costs are?
(A) Expensed when the product is sold
(B) Included in the cost of goods sold
(C) Related to specific period
(D) Not expensed
An average cost is also known as?
(A) Variable cost
(B) Unit cost
(C) Total cost
(D) Fixed cost
A typical factory overhead cost is?
(A) Distribution
(B) Internal audit
(C) Compensation of plant manager
(D) Design
All of the following are the features of fixed costs EXCEPT?
(A) Although fixed within a relevant range of activity level but are relevant to a decision making when it is avoidable.
(B) Although fixed within a relevant range of activity level but are relevant to a decision making when it is incremental.
(C) Generally it is irrelevant
(D) It is relevant to decision making under any circumstances
Which of the given units can never become part of first department of Cost of Production Report?
(A) Units received from preceding department
(B) Units transferred to subsequent department
(C) Lost units
(D) Units still in process
What will be the impact of normal loss on the overall per unit cost?
(A) Per unit cost will increase
(B) Per unit cost will decrease
(C) Per unit cost remain unchanged
(D) Normal loss has no relation to unit cost
Which of the given is (are) the method(s) of measurement of Labor Turnover?
(A) Separation method
(B) Flux method
(C) Replacement method
(D) All of the given options