Cost Accounting Multiple Choice Questions and Answers (MCQs): Quizzes & Practice Tests with Answer Key

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Bushra Arshad, May 17, 2019 - Business & Economics - 233 pages

"Cost Accounting Multiple Choice Questions and Answers (MCQs): Quizzes & Practice Tests with Answer Key" provides mock tests for competitive exams to solve 1083 MCQs. "Cost Accounting MCQ" pdf to download helps with theoretical, conceptual, and analytical study for self-assessment, career tests. Cost accounting quizzes, a quick study guide can help to learn and practice questions for placement test preparation.

"Cost Accounting Multiple Choice Questions and Answers" pdf to download is a revision guide with a collection of trivia 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 to enhance teaching and learning.

Cost Accounting Quiz Questions and Answers pdf also covers the syllabus of many competitive papers for admission exams of different universities from business administration textbooks on chapters:

Accounting Concepts MCQs: 35 Multiple Choice Questions. Activity based Costing and Management MCQs: 18 Multiple Choice Questions. Balanced Scorecard and Strategic Profitability Analysis MCQs: 29 Multiple Choice Questions. Balanced Scorecard: Quality, Time and Theory of Constraints MCQs: 40 Multiple Choice Questions. Basics of Accounting MCQs: 15 Multiple Choice Questions. Budgeting and Accounting MCQs: 15 Multiple Choice Questions. Capacity Analysis and Inventory Costing MCQs: 107 Multiple Choice Questions. Capital Budgeting and Cost Benefit Analysis MCQs: 27 Multiple Choice Questions. Cost Allocation, Customer Profitability and Sales Variance Analysis MCQs: 26 Multiple Choice Questions. Cost Allocation: Joint Products and Byproducts MCQs: 30 Multiple Choice Questions. Cost Function and Behavior MCQs: 138 Multiple Choice Questions. Cost Management and Pricing Decisions MCQs: 29 Multiple Choice Questions. Cost Volume Profit Analysis MCQs: 43 Multiple Choice Questions. Decision Making Process and Information MCQs: 35 Multiple Choice Questions. Department Costs, Common Costs and Revenues MCQs: 29 Multiple Choice Questions. Direct Cost Variances and Management Control MCQs: 60 Multiple Choice Questions. Financial Ratios Analysis MCQs: 50 Multiple Choice Questions. Flexible Budget and Management Control MCQs: 28 Multiple Choice Questions. Flexible Budget: Overhead Cost Variance MCQs: 59 Multiple Choice Questions. Fundamentals of Accounting MCQs: 14 Multiple Choice Questions. Inventory Management, Just in Time and Costing Methods MCQs: 31 Multiple Choice Questions. Job Costing MCQs: 46 Multiple Choice Questions. Management Accounting in Organization MCQs: 38 Multiple Choice Questions. Management Control Systems and Multinational Considerations MCQs: 16 Multiple Choice Questions. Master Budget and Responsibility Accounting MCQs: 48 Multiple Choice Questions. Overhead Cost Variances and Management Control MCQs: 10 Multiple Choice Questions. Performance Measurement, Compensation and Multinational Considerations MCQs: 26 Multiple Choice Questions. Process Costing MCQs: 20 Multiple Choice Questions. Spoilage, Rework and Scrap MCQs: 21 Multiple Choice Questions.

"Accounting Concepts MCQs" pdf covers quiz questions about conversion costs, cost analysis, inventory types, inventoriable cost and period cost, manufacturing costs, period costs, prime costs, and types of inventories.

"Activity based Costing and Management MCQs" pdf covers quiz questions about activity based costing systems, activity based costing, accounting, broad averaging and consequence, and refining costing system.

"Balanced Scorecard and Strategic Profitability Analysis MCQs" pdf covers quiz questions about balanced scorecard, strategic analysis, accounting strategy, operating income, and strategy implementation.

"Balanced Scorecard: Quality, Time and Theory of Constraints MCQs" pdf covers quiz questions about 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.

"Basics of Accounting MCQs" pdf covers quiz questions about direct costs, indirect costs, and what is cost in accounting.

"Budgeting and Accounting MCQs" pdf covers quiz questions about budgeting and responsibility accounting, and Kaizen budgeting.

"Capacity Analysis and Inventory Costing MCQs" pdf covers quiz questions about absorption costing, inventory costing methods, manufacturing companies, and throughput costing.

"Capital Budgeting and Cost Benefit Analysis MCQs" pdf covers quiz questions about accrual accounting, rate of return method, capital budgeting and inflation, capital budgeting stages, cost analysis dimensions, discounted cash flow, and payback method.

"Cost Allocation, Customer Profitability and Sales Variance Analysis MCQs" pdf covers quiz questions about cost allocation and costing systems, customer revenues and costs, sales mix and sales quantity variances, and static budget variance.

"Cost Allocation: Joint Products and Byproducts MCQs" pdf covers quiz questions about 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.

"Cost Function and Behavior MCQs" pdf covers quiz questions about 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.

"Cost Management and Pricing Decisions MCQs" pdf covers quiz questions about pricing strategies, cost based pricing, product budgeting life cycle and costing, target costing and target pricing, value engineering, insurance and lock in costs.

"Cost Volume Profit Analysis MCQs" pdf covers quiz questions about CVP analysis, operating income, breakeven point, target income, gross margin calculations, total costs, unit costs, and variable cost.

"Decision Making Process and Information MCQs" pdf covers quiz questions about decision making process, information and decision process, concept of relevance, insourcing versus outsourcing, and make versus buy decisions.

"Department Costs, Common Costs and Revenues MCQs" pdf covers quiz questions about allocating costs, common costs, revenue allocation, revenue allocation methods, multiple support departments, operating departments, bundled products, single rate and dual rate methods.

"Direct Cost Variances and Management Control MCQs" pdf covers quiz questions about use of variances, efficiency variance, price and efficiency variance, management accounting, period costs, and static budget.

"Financial Ratios Analysis MCQs" pdf covers quiz questions about 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.

"Flexible Budget and Management Control MCQs" pdf covers quiz questions about flexible budget, flexible budget variance, static budget, sales volume variance, and cost accounting.

"Flexible Budget: Overhead Cost Variance MCQs" pdf covers quiz questions about cost variance analysis, overhead cost variance analysis, fixed overhead cost variances, activity based costing, production volume variance, setup cost, variable and fixed overhead costs.

"Fundamentals of Accounting MCQs" pdf covers quiz questions about direct costs, indirect costs, manufacturing costs, manufacturing, merchandising and service sector companies, total costs, unit costs, and types of inventory.

"Inventory Management, Just in Time and Costing Methods MCQs" pdf covers quiz questions about inventory management system, inventory related relevant costs, just in time purchasing, cost accounts, inventory management, MRP, retail organizations, and inventory management.

"Job Costing MCQs" pdf covers quiz questions about 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.

"Management Accounting in Organization MCQs" pdf covers quiz questions about management accounting, management accounting guidelines, organization structure and management accountant, decision making process, information and decision process, financial and cost accounting, and strategic decisions.

"Management Control Systems and Multinational Considerations MCQs" pdf covers quiz questions about management control systems, decentralization costs, organization structure, decentralization, and transfer pricing.

"Master Budget and Responsibility Accounting MCQs" pdf covers quiz questions about 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.

"Overhead Cost Variances and Management Control MCQs" pdf covers quiz questions about fixed overhead costs, flexible budget variance, and planning of variable.

"Performance Measurement, Compensation and Multinational Considerations MCQs" pdf covers quiz questions about performance measure, financial and nonfinancial performance measures, economic value added, strategy and levels, and residual income.

"Process Costing MCQs" pdf covers quiz questions about process costing system, operation costing, transferred in costs, WAM and spoilage, and weighted average method.

"Spoilage, Rework and Scrap MCQs" pdf covers quiz questions about 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
Answer Keys

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