Tag: Accounting Interview Questions

(A) Advertising expenses
(B) Direct labor cost
(C) Factory overhead cost
(D) Cost of raw material

(A) Opportunity costs
(B) Relevant benefits
(C) Avoidable costs
(D) Sunk costs

(A) Straight line method
(B) Reducing balance method
(C) Some of year’s digits method
(D) Double declining method

(A) Raw material
(B) Labor
(C) Capital
(D) Factory overhead

(A) No change occurs to inventories for either use absorption costing or variable costing methods
(B) The use of absorption costing produces a higher net income than the use of variable costing
(C) The use of absorption costing produces a lower net income than the use of variable costing
(D) The use of absorption costing causes inventory value to increase more than they would though the use of variable costing

(A) Operating loss
(B) Abnormal loss
(C) Normal loss
(D) Non-operating loss

(A) The costs that can not be identified with specific cost centers.
(B) The total cost of factory overhead needs to be distributed among specific cost centers but must be divided among the concerned department/cost centers
(C) The total cost of factory overhead needs to be distributed among specific cost centers.
(D) None of the given options

(A) The increased volume of production results in decreased cost of production
(B) The increased volume of production in minimum time
(C) Establishment of fair standard rates
(D) Higher output is a result of efficient management