Cost Accounting Multiple Choice Questions and Answers (MCQs): Quizzes & Practice Tests with Answer Key (Cost Accounting Quick Study Guide & Course Review)

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Bushra Arshad, May 17, 2019 - Study Aids - 233 pages

Cost Accounting Multiple Choice Questions and Answers (MCQs): Quizzes & Practice Tests with Answer Key (Cost Accounting Quick Study Guide & Course Review) covers course assessment tests for competitive exams to solve 1100 MCQs. "Cost Accounting MCQ" with answers covers fundamental concepts with theoretical and analytical reasoning tests. "Cost Accounting Quiz" PDF study guide helps to practice test questions for exam review.

Cost Accounting Multiple Choice Questions and Answers PDF book to download covers solved quiz questions and answers PDF on topics: Accounting concepts, activity based costing and management, balanced scorecard and strategic profitability analysis, balanced scorecard, quality, time and theory of constraints, basics of accounting, budgeting and accounting, capacity analysis and inventory costing, capital budgeting and cost benefit analysis, cost allocation, customer profitability and sales variance analysis, cost allocation, joint products and byproducts, cost function and behavior, cost management and pricing decisions, cost volume profit analysis, decision making process and information, department costs, common costs and revenues, direct cost variances and management control, financial ratios analysis, flexible budget and management control, flexible budget: overhead cost variance, fundamentals of accounting, inventory management, just in time and costing methods, job costing, management accounting in organization, management control systems and multinational considerations, master budget and responsibility accounting, overhead cost variances and management control, performance measurement, compensation and multinational considerations, process costing, spoilage, rework, and scrap for college and university level exams. "Cost accounting Questions and Answers" PDF covers exam's viva, interview questions and certificate exam preparation with answer key.

Cost accounting quick study guide includes terminology definitions in self-teaching guide from business administration textbooks on chapters:

 

Accounting Concepts MCQs

Activity based Costing and Management MCQs

Balanced Scorecard and Strategic Profitability Analysis MCQs

Balanced Scorecard: Quality, Time and Theory of Constraints MCQs

Basics of Accounting MCQs

Budgeting and Accounting MCQs

Capacity Analysis and Inventory Costing MCQs

Capital Budgeting and Cost Benefit Analysis MCQs

Cost Allocation, Customer Profitability and Sales Variance Analysis MCQs

Cost Allocation: Joint Products and Byproducts MCQs

Cost Function and Behavior MCQs

Cost Management and Pricing Decisions MCQs

Cost Volume Profit Analysis MCQs

Decision Making Process and Information MCQs

Department Costs, Common Costs and Revenues MCQs

Direct Cost Variances and Management Control MCQs

Financial Ratios Analysis MCQs

Flexible Budget and Management Control MCQs

Flexible Budget: Overhead Cost Variance MCQs

Fundamentals of Accounting MCQs

Inventory Management, Just in Time and Costing Methods MCQs

Job Costing MCQs

Management Accounting in Organization MCQs

Management Control Systems and Multinational Considerations MCQs

Master Budget and Responsibility Accounting MCQs

Overhead Cost Variances and Management Control MCQs

Performance Measurement, Compensation and Multinational Considerations MCQs

Process Costing MCQs

Spoilage, Rework and Scrap MCQs

 

Multiple choice questions on accounting concepts quiz answers PDF covers MCQ questions on topics: Conversion costs, cost analysis, inventory types, inventorable cost and period cost, manufacturing costs, period costs, prime costs, and types of inventories.

Multiple choice questions on activity based costing and management quiz answers PDF covers MCQ questions on topics: Activity based costing systems, activity based costing, accounting, broad averaging and consequence, and refining costing system.

Multiple choice questions on balanced scorecard and strategic profitability analysis quiz answers PDF covers MCQ questions on topics: Balanced scorecard, strategic analysis, accounting strategy, operating income, and strategy implementation.

Multiple choice questions on balanced scorecard: quality, time and theory of constraints quiz answers PDF covers MCQ questions on topics: Costs of quality, quality improvements, customer response time and on time performance, analyzing problems and improve quality, balance scorecard and measures, bottlenecks, financial perspective, and competitive tool.

Multiple choice questions on basics of accounting quiz answers PDF covers MCQ questions on topics: Direct costs, indirect costs, and what is cost in accounting.

Multiple choice questions on budgeting and accounting quiz answers PDF covers MCQ questions on topics: Budgeting and responsibility accounting, and Kaizen budgeting.

Multiple choice questions on capacity analysis and inventory costing quiz answers PDF covers MCQ questions on topics: Absorption costing, inventory costing methods, manufacturing companies, and throughput costing.

Multiple choice questions on capital budgeting and cost benefit analysis quiz answers PDF covers MCQ questions on topics: Accrual accounting, rate of return method, capital budgeting and inflation, capital budgeting stages, cost analysis dimensions, discounted cash flow, and payback method.

Multiple choice questions on cost allocation, customer profitability and sales variance analysis quiz answers PDF covers MCQ questions on topics: Cost allocation and costing systems, customer revenues and costs, sales mix and sales quantity variances, and static budget variance.

Multiple choice questions on cost allocation: joint products and byproducts quiz answers PDF covers MCQ questions on topics: Joint cost, irrelevant joint costs, byproducts accounting, constant gross margin percentage NRV method, decision making, net realizable value method, sales value, split off method, and scrap.

Multiple choice questions on cost function and behavior quiz answers PDF covers MCQ questions on topics: Estimating cost functions, estimating cost function using quantitative analysis, linear cost functions, nonlinearity and cost functions, cost estimation methods, curves and nonlinear cost function, data collection and adjustment issues, independent variables, quantitative analysis in marketing, regression analysis, regression equation, regression line, specification analysis, and estimation assumptions.

Multiple choice questions on cost management and pricing decisions quiz answers PDF covers MCQ questions on topics: Pricing strategies, cost based pricing, product budgeting life cycle and costing, target costing and target pricing, value engineering, insurance and lock in costs.

Multiple choice questions on cost volume profit analysis quiz answers PDF covers MCQ questions on topics: CVP analysis, operating income, breakeven point, target income, gross margin calculations, total costs, unit costs, and variable cost.

Multiple choice questions on decision making process and information quiz answers PDF covers MCQ questions on topics: Decision making process, information and decision process, concept of relevance, insourcing versus outsourcing, and make versus buy decisions.

Multiple choice questions on department costs, common costs and revenues quiz answers PDF covers MCQ questions on topics: Allocating costs, common costs, revenue allocation, revenue allocation methods, multiple support departments, operating departments, bundled products, single rate and dual rate methods.

Multiple choice questions on direct cost variances and management control quiz answers PDF covers MCQ questions on topics: Use of variances, efficiency variance, price and efficiency variance, management accounting, period costs, and static budget.

Multiple choice questions on financial ratios analysis quiz answers PDF covers MCQ questions on topics: Sensitivity analysis, operating income, breakeven point, target income, contribution margin calculations, contribution margin versus gross margin, effects of sales mix on income, gross margin calculations, and uncertainty.

Multiple choice questions on flexible budget and management control quiz answers PDF covers MCQ questions on topics: Flexible budget, flexible budget variance, static budget, sales volume variance, and cost accounting.

Multiple choice questions on flexible budget: overhead cost variance quiz answers PDF covers MCQ questions on topics: Cost variance analysis, overhead cost variance analysis, fixed overhead cost variances, activity based costing, production volume variance, setup cost, variable and fixed overhead costs.

Multiple choice questions on fundamentals of accounting quiz answers PDF covers MCQ questions on topics: Direct costs, indirect costs, manufacturing costs, manufacturing, merchandising and service sector companies, total costs, unit costs, and types of inventory.

Multiple choice questions on inventory management, just in time and costing methods quiz answers PDF covers MCQ questions on topics: Inventory management system, inventory related relevant costs, just in time purchasing, cost accounts, inventory management, MRP, retail organizations, and inventory management.

Multiple choice questions on job costing quiz answers PDF covers MCQ questions on topics: Building block concepts of costing systems, budget indirect costs, end of financial year, indirect costs allocation, normal costings, total costs, unit costs, and variations from normal costing.

Multiple choice questions on management accounting in organization quiz answers PDF covers MCQ questions on topics: Management accounting, management accounting guidelines, organization structure and management accountant, decision making process, information and decision process, financial and cost accounting, and strategic decisions.

Multiple choice questions on management control systems and multinational considerations quiz answers PDF covers MCQ questions on topics: Management control systems, decentralization costs, organization structure, decentralization, and transfer pricing.

Multiple choice questions on master budget and responsibility accounting quiz answers PDF covers MCQ questions on topics: Budgets and budgeting cycle, Kaizen budgeting, responsibility and controllability, accounting concepts, accounting principles, computer based financial planning models, internal controls accounting, sensitivity analysis, uncertainty, and types of inventory.

Multiple choice questions on overhead cost variances and management control quiz answers PDF covers MCQ questions on topics: Fixed overhead costs, flexible budget variance, and planning of variable.

Multiple choice questions on performance measurement, compensation and multinational considerations quiz answers PDF covers MCQ questions on topics: Performance measure, financial and nonfinancial performance measures, economic value added, strategy and levels, and residual income.

Multiple choice questions on process costing quiz answers PDF covers MCQ questions on topics: Process costing system, operation costing, transferred in costs, WAM and spoilage, and weighted average method.

Multiple choice questions on spoilage, rework and scrap quiz answers PDF covers MCQ questions on topics: Job costing, spoilage, rework and scrap terminology, scrap and byproducts accounting, types of spoilage, WAM, and spoilage.

 

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Contents

Chapter 1 Accounting Concepts Multiple Choice Questions
Chapter 2 Activity based Costing Management Multiple Choice Questions
Chapter 3 Balanced Scorecard Strategic Profitability Analysis Multiple Choice Questions
Chapter 4 Balanced Scorecard Quality Time Theory of Constraints Multiple Choice Questions
Chapter 5 Basics of Accounting Multiple Choice Questions
Chapter 6 Budgeting Accounting Multiple Choice Questions
Chapter 7 Capacity Analysis Inventory Costing Multiple Choice Questions
Chapter 8 Capital Budgeting Cost Benefit Analysis Multiple Choice Questions
Chapter 16 Direct Cost Variances Management Control Multiple Choice Questions
Chapter 17 Financial Ratios Analysis Multiple Choice Questions
Chapter 18 Flexible Budget Management Control Multiple Choice Questions
Chapter 19 Flexible Budget Overhead Cost Variance Multiple Choice Questions
Chapter 20 Fundamentals of Accounting Multiple Choice Questions
Chapter 21 Inventory Management Just in Time Costing Methods Multiple Choice Questions
Chapter 22 Job Costing Multiple Choice Questions
Chapter 23 Management Accounting in Organization Multiple Choice Questions

Chapter 9 Cost Allocation Customer Profitability Sales Variance Analysis Multiple Choice Questions
Chapter 10 Cost Allocation Joint Products Byproducts Multiple Choice Questions
Chapter 11 Cost Function Behavior Multiple Choice Questions
Chapter 12 Cost Management Pricing Decisions Multiple Choice Questions
Chapter 13 Cost Volume Profit Analysis Multiple Choice Questions
Chapter 14 Decision Making Process Information Multiple Choice Questions
Chapter 15 Department Costs Common Costs Revenues Multiple Choice Questions
Chapter 24 Management Control Systems Multinational Considerations Multiple Choice Questions
Chapter 25 Master Budget Responsibility Accounting Multiple Choice Questions
Chapter 26 Overhead Cost Variances Management Control Multiple Choice Questions
Chapter 27 Performance Measurement Compensation Multinational Considerations Multiple Choice Questions
Chapter 28 Process Costing Multiple Choice Questions
Chapter 29 Spoilage Rework Scrap Multiple Choice Questions
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