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MCQs

Total Questions : 79 | Page 7 of 8 pages
Question 61. The segment of subunit of company, whose manager is responsible for specific set of instructions and activities perform is classified as
  1.    subunit center
  2.    instruction center
  3.    responsibility center
  4.    activity segment
 Discuss Question
Answer: Option C. -> responsibility center
Answer: (c).responsibility center
Question 62. The use of variables to signal whether the strategies are effective or ineffective is classified as
  1.    evaluating strategy
  2.    performing strategy
  3.    warned strategy
  4.    weighted strategy
 Discuss Question
Answer: Option A. -> evaluating strategy
Answer: (a).evaluating strategy
Question 63. Which of the following is an example of revenue center?
  1.    sales department
  2.    investing center
  3.    marketing department
  4.    segment department
 Discuss Question
Answer: Option A. -> sales department
Answer: (a).sales department
Question 64. The variance, if used to alert managers before time of the problem is called
  1.    varied warning
  2.    times warning
  3.    managers warning
  4.    early warning
 Discuss Question
Answer: Option D. -> early warning
Answer: (d).early warning
Question 65. An acquisition cost of raw material is to be used in the manufacturing, and becoming a component of cost object is classified as
  1.    direct material costs
  2.    indirect material costs
  3.    direct labor costs
  4.    indirect labor costs
 Discuss Question
Answer: Option A. -> direct material costs
Answer: (a).direct material costs
Question 66. The inventory of the final goods that are not yet sold is called
  1.    finished goods inventory
  2.    indirect material inventory
  3.    direct materials inventory
  4.    work in process inventory
 Discuss Question
Answer: Option A. -> finished goods inventory
Answer: (a).finished goods inventory
Question 67. The wages and other benefits, provided to assembly line workers and operators of machine are classified under the
  1.    work in process costs
  2.    finished costs
  3.    direct manufacturing labor costs
  4.    indirect manufacturing labor costs
 Discuss Question
Answer: Option D. -> indirect manufacturing labor costs
Answer: (d).indirect manufacturing labor costs
Question 68. The labor which works as forklift truck, plant guards and the rework labor is classified as
  1.    prime overhead
  2.    conversion overhead
  3.    factory overhead
  4.    manufacturing overhead
 Discuss Question
Answer: Option D. -> manufacturing overhead
Answer: (d).manufacturing overhead
Question 69. The conversion cost is subtracted from manufacturing overhead cost is to calculate the
  1.    manufacturing labor costs
  2.    direct labor costs
  3.    direct manufacturing labor costs
  4.    indirect manufacturing labor costs
 Discuss Question
Answer: Option C. -> direct manufacturing labor costs
Answer: (c).direct manufacturing labor costs
Question 70. For the companies in service sector, the cost which is not considerable is
  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

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