Sail E0 Webinar

MCQs

Total Questions : 163 | Page 3 of 17 pages
Question 21. If the cost incurred for work in process inventory is $350000 and total equivalent units completed till date are 3500, then weighted average cost will be
  1.    $10
  2.    $100
  3.    $1,000
  4.    $1,200
 Discuss Question
Answer: Option B. -> $100
Answer: (b).$100
Question 22. The hybrid costing system, which is applied to batches of similar products, but are not identical is classified as
  1.    incremental costing system
  2.    split off costing system
  3.    inventoriable costing system
  4.    operation costing system
 Discuss Question
Answer: Option D. -> operation costing system
Answer: (d).operation costing system
Question 23. The costing system, which classify cost into cost categories in a way when an expense is incurred in the process is called
  1.    conversion expense costing system
  2.    inventory costing system
  3.    process costing system
  4.    job costing system
 Discuss Question
Answer: Option C. -> process costing system
Answer: (c).process costing system
Question 24. The third step in process costing system is to
  1.    summarize flow of output
  2.    compute output in units
  3.    summarize total costs
  4.    compute cost for each equivalent unit
 Discuss Question
Answer: Option C. -> summarize total costs
Answer: (c).summarize total costs
Question 25. If the total incurred cost in a production process are $30000 and the number of output units are 5000 units, then the units cost will be
  1.    $16
  2.    $60
  3.    $6
  4.    $26
 Discuss Question
Answer: Option C. -> $6
Answer: (c).$6
Question 26. The process of making long term decisions, for capital investment in the projects is called
  1.    lead budgeting
  2.    lean budgeting
  3.    capital budgeting
  4.    relevant budgeting
 Discuss Question
Answer: Option C. -> capital budgeting
Answer: (c).capital budgeting
Question 27. The dimensional analysis of cost includes
  1.    horizontally across dimension
  2.    horizontally upward dimension
  3.    vertically upward dimension
  4.    both a and c
 Discuss Question
Answer: Option D. -> both a and c
Answer: (d).both a and c
Question 28. The payback period is multiplied for constant increase in yearly future cash flows to calculate
  1.    cash value of money
  2.    net initial investment
  3.    net future value
  4.    time value of money
 Discuss Question
Answer: Option B. -> net initial investment
Answer: (b).net initial investment
Question 29. The capital budgeting method to analyze information of financials include
  1.    internal rate of return
  2.    accrual accounting rate of return
  3.    net present value
  4.    all of above
 Discuss Question
Answer: Option D. -> all of above
Answer: (d).all of above
Question 30. The rate of return, which is made up of risk free and business risk element is known as
  1.    nominal rate of return
  2.    accrual accounting rate of return
  3.    real rate of return
  4.    required rate of return
 Discuss Question
Answer: Option C. -> real rate of return
Answer: (c).real rate of return

Latest Videos

Latest Test Papers