Tag: Financial Accounting Mcqs

(A) Expensed when the product is sold
(B) Included in the cost of goods sold
(C) Related to specific period
(D) Not expensed

(A) Variable cost
(B) Unit cost
(C) Total cost
(D) Fixed cost

(A) Distribution
(B) Internal audit
(C) Compensation of plant manager
(D) Design

(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

(A) Units received from preceding department
(B) Units transferred to subsequent department
(C) Lost units
(D) Units still in process

(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

(A) Separation method
(B) Flux method
(C) Replacement method
(D) All of the given options

(A) Two
(B) Three
(C) Four
(D) Five