The calculation of product cost, gathering information for planning and analyzing information for decisions making are the features of ________?
A. information accounting B. cost accounting C. analyzing accounts D. marketing costs
Accounting MCQs with Answers
The direct material cost is $75000 and direct manufacturing labor is $20000, then prime cost would be ________?
A. $55,000 B. $37,500 C. $95,000 D. $26,000
An acquisition cost of raw material is to be used in the manufacturing, and becoming a component of cost object is classified as _________?
A. direct material costs B. indirect material costs C. direct labor costs D. indirect labor costs
The inventory of the final goods that are not yet sold is called __________?
A. finished goods inventory B. indirect material inventory C. direct materials inventory D. work in process inventory
The health care premium for workers and the pension costs are included in _________?
A. payroll fringe costs B. health costs C. premium costs D. workers costs
If the direct material cost is $5500 and the prime cost is $25000, then the direct manufacturing labor would be ___________?
A. $19,500 B. $30,500 C. $45,500 D. $22,500
If the direct material cost is $85000 and direct manufacturing labor is $25000, then prime cost would be _________?
A. $13,500 B. $55,600 C. $60,000 D. $110,000
In costing of project, the wages paid to workers for the unproductive work at the time of material shortage is termed as __________?
A. indirect wages B. health wages C. idle time wages D. shortage time wages
The costs of all the activities for a group of products, rather than individual product can be classified as ___________?
A. activity level costs B. input level costs C. batch level costs D. output level costs
In activity based costing system, the description of activity can be classified as __________?
A. activity list B. activity dictionary C. active purpose D. both A and B