In cost accounting, the types of inventory do not include ______________?
A. direct materials inventory B. work in process inventory C. finished goods inventory D. indirect material inventory
Accounting MCQs with Answers
The cost computed by dividing total manufacturing cost and total manufactured units is known as ____________?
A. per unit cost B. total cost C. total indirect cost D. total effective cost
An inventory which consists of stock waiting to be used In the process of manufacturing is known as ___________?
A. finished goods inventory B. indirect material inventory C. direct materials inventory D. work in process inventory
The companies in the industry that purchase the finished goods, and further sell the products into the market are classified as ______________?
A. service sector companies B. raw material companies C. manufacturing sector companies D. merchandising sector companies
Companies that are part of an industry of ‘service providers’ are ____________?
A. manufacturing sector companies B. merchandising sector companies C. service sector companies D. raw material companies
The service sector companies include _____________?
A. cellular phone producers B. mutual fund companies C. radio stations D. wholesalers
The manufacturing sector companies include ____________?
A. distribution companies B. textile companies C. retailing companies D. internet service providers
The merchandising sector companies include _____________?
A. food processing companies B. automotive companies C. distribution companies D. advertising agencies
The companies that buy the raw materials and convert them into the finished goods for customers are a part of ____________?
A. manufacturing sector companies B. merchandising sector companies C. service sector companies D. raw material companies