Accounting MCQs
Accounting MCQs Test Preparation | Latest 2021 Quiz FPSC, NTS, KPPSC, PPSC, SPSC, BPSC, OTS, UTS, PTS, CTS, ATS, ETEA MCQs Test Questions.
A worker has a time rate of 15/hr. He makes 720 units of component (standard time : 5 minutes/ unit) in a week of 48 hours. His total wages including Rowan bonus for the week is
A: 792
B: 820
C: 840
D: 864
864
When production is equal to sales, which of the following is TRUE?
A: No change occurs to inventories for either use absorption costing or variable costing methods
B: The use of absorption costing produces a higher net income than the use of variable costing
C: The use of absorption costing produces a lower net income than the use of variable costing
D: The use of absorption costing causes inventory value to increase more than they would though the use of variable costing
No change occurs to inventories for either use absorption costing or variable costing methods
An average cost is also known as________?
A: Variable cost
B: Unit cost
C: Total cost
D: Fixed cost
Unit cost
Costs that change in response to alternative courses of action are called___________?
A: Relevant costs
B: Differential costs
C: Target costs
D: Sunk costs
Differential costs
The total cost incurred in the operation of a business undertaking other than the cost of manufacturing and production is known as________?
A: Direct cost
B: Variable cost
C: Commercial cost
D: Conversion cost
Commercial cost
Consider the following data for a company during the month of June 2012 Budgeted hours 4,000 Standard hours for actual production 4,400 Maximum possible hours in the budget period 4,800 Actual hours 3,800 The activity ratio of the company during the month is
A: 111%
B: 120%
C: 95%
D: 117%
111%
Which of the following bases is not appropriate for apportionment of Transport departments cost ?
A: Crane hours
B: Crane value
C: Truck Mileage
D: Truck value
Crane value
The cost of obsolete inventory acquired several years ago, to be considered in a keep vs. disposal decision is an example of :
A: Uncontrollable cost
B: Sunk cost
C: Avoidable cost
D: Opportunity cost
Sunk cost
Budgeted sales for the next year is 5,00,000 units. Desired ending finished goods inventory is 1,50,000 units and equivalent units in ending W-I-P inventory is 60,000 units. The opening finished goods inventory for the next year is 80,000 units, with 50,000 equivalent units in beginning W-I-P inventory How many equivalent units should be produced?
A: 5,80,000
B: 5,50,000
C: 5,00,000
D: 5,75,000 Read More Details about this Mcq
5,80,000
If the asset turnover and profit margin of a company are 1.85 and 0.35 respectively, the return on investment is.
A: 0.65
B: 0.35
C: 1.5
D: 5.29
0.65