Accounting MCQs
Accounting MCQs Test Preparation | Latest 2021 Quiz FPSC, NTS, KPPSC, PPSC, SPSC, BPSC, OTS, UTS, PTS, CTS, ATS, ETEA MCQs Test Questions.
Direct cost incurred can be identified with_______________?
A: Each Department
B: Each unit of output
C: Each Month
D: Each Executive
Each unit of output
Which of the following bases is not appropriate for apportionment of Transport departments cost ?
A: Crane hours
B: Crane value
C: Truck Mileage
D: Truck value
Crane value
The cost of obsolete inventory acquired several years ago, to be considered in a keep vs. disposal decision is an example of :
A: Uncontrollable cost
B: Sunk cost
C: Avoidable cost
D: Opportunity cost
Sunk cost
Budgeted sales for the next year is 5,00,000 units. Desired ending finished goods inventory is 1,50,000 units and equivalent units in ending W-I-P inventory is 60,000 units. The opening finished goods inventory for the next year is 80,000 units, with 50,000 equivalent units in beginning W-I-P inventory How many equivalent units should be produced?
A: 5,80,000
B: 5,50,000
C: 5,00,000
D: 5,75,000 Read More Details about this Mcq
5,80,000
If the asset turnover and profit margin of a company are 1.85 and 0.35 respectively, the return on investment is.
A: 0.65
B: 0.35
C: 1.5
D: 5.29
0.65
Consider the following data pertaining to the production of a company for a particular month :
A: Opening stock of raw material 11,570 Closing stock of raw material 10,380 Purchase of raw material during the month 1,28,450 Total manufacturing cost charged to product 3,39,165 Factory overheads are applied at the rate of 45% of direct labour cost. The amount of factory overheads applied to production is 65,025
B: 94,287
C: 95,020
D: 1,52,624
Opening stock of raw material 11,570 Closing stock of raw material 10,380 Purchase of raw material during the month 1,28,450 Total manufacturing cost charged to product 3,39,165 Factory overheads are applied at the rate of 45% of direct labour cost. The amount of factory overheads applied to production is 65,025
If the minimum stock level and average stock level of raw material are 4,000 and 9,000 units respectively, find out its reorder quantity.
A: 8,000 units
B: 11,000 units
C: 10,000 units
D: 9,000 units
10,000 units
When production is equal to sales, which of the following is TRUE?
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
No change occurs to inventories for either use absorption costing or variable costing methods
An average cost is also known as________?
A: Variable cost
B: Unit cost
C: Total cost
D: Fixed cost
Unit cost