Objective MCQ Questions | Cost Accounting Test - McqProf

🌐 Link👉 Cost Accounting MCQ Quiz

Cost Accounting (MCQ) Multiple Choice Questions and Answers with solutions for all topics in Online Test or Interview and Entrance Test!

I can provide you with a general idea of what such a question and answer format might look like, as well as provide you information on different cost accounting topics you might be interested in.

What type of cost is represented by the cost of goods sold?

a) Fixed cost

b) Variable cost

c) Semi-variable cost

d) Product cost

Answer: d) Product cost

What is the difference between direct and indirect costs?

a) Direct costs can be traced to a specific product or service, while indirect costs cannot

b) Indirect costs are fixed, while direct costs are variable

c) Direct costs are unavoidable, while indirect costs are discretionary

d) Direct costs are incurred in the production process, while indirect costs are incurred in administration and selling

Answer: a) Direct costs can be traced to a specific product or service, while indirect costs cannot

Which of the following is not considered a prime cost?

a) Direct materials

b) Direct labor

c) Selling and administrative expenses

d) Both B and C

Answer: c) Selling and administrative expenses

Keep in mind this is only a small sample and you should always verify the information and check for any updates before using it for your official test or interview.

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