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MCQs

Total Questions : 79 | Page 5 of 8 pages
Question 41. If the total manufacturing cost is $40000 and the total units manufactured is 500 units, then the per unit cost would be
  1.    $80
  2.    $65
  3.    $7
  4.    $35
 Discuss Question
Answer: Option A. -> $80
Answer: (a).$80
Question 42. The cost computed by dividing total manufacturing cost and total manufactured units is known as
  1.    per unit cost
  2.    total cost
  3.    total indirect cost
  4.    total effective cost
 Discuss Question
Answer: Option A. -> per unit cost
Answer: (a).per unit cost
Question 43. If the cost per unit is $70 and the total number of units manufactured in company are 6000, then the total manufacturing cost would be
  1.    $240,000.00
  2.    $320,000
  3.    $210,000
  4.    $420,000
 Discuss Question
Answer: Option D. -> $420,000
Answer: (d).$420,000
Question 44. In cost accounting, the types of inventory do not include
  1.    direct materials inventory
  2.    work in process inventory
  3.    finished goods inventory
  4.    indirect material inventory
 Discuss Question
Answer: Option D. -> indirect material inventory
Answer: (d).indirect material inventory
Question 45. If the direct service labor is $7000, the idle time wages are $2000 and the overtime premium is $950, then the total figure would be
  1.    $5,850
  2.    $5,950
  3.    $9,950
  4.    $10,050
 Discuss Question
Answer: Option C. -> $9,950
Answer: (c).$9,950
Question 46. The calculation of product cost, gathering information for planning and analyzing information for decisions making are the features of
  1.    information accounting
  2.    cost accounting
  3.    analyzing accounts
  4.    marketing costs
 Discuss Question
Answer: Option B. -> cost accounting
Answer: (b).cost accounting
Question 47. In an income statement, when costs become cost of sold goods and manufactured products are sold, such costs are
  1.    inventoriable costs
  2.    finished costs
  3.    factory overhead costs
  4.    manufacturing overhead costs
 Discuss Question
Answer: Option A. -> inventoriable costs
Answer: (a).inventoriable costs
Question 48. The terms used in manufacturing cost systems are
  1.    manufacturing costs
  2.    prime costs
  3.    conversion costs
  4.    both b and c
 Discuss Question
Answer: Option D. -> both b and c
Answer: (d).both b and c
Question 49. The direct service labor is $5000, the idle time wages are $1000 and the overtime premium is $450, then the total figure would be
  1.    $4,450
  2.    $6,450
  3.    $21,500
  4.    $14,300
 Discuss Question
Answer: Option B. -> $6,450
Answer: (b).$6,450
Question 50. The prime cost is $50000 and the direct manufacturing labor is $10000, then the direct material cost will be
  1.    $40,000
  2.    $60,000
  3.    $52,000
  4.    $20,000
 Discuss Question
Answer: Option A. -> $40,000
Answer: (a).$40,000

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