Cost Accounting Quizzes, Questions & Answers
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This 'Cost Accounting part 1' quiz assesses understanding of different business entities and their roles in the economy, including manufacturers, merchandisers, and wholesalers. It also covers service business examples and the...
Questions: 61 | Attempts: 2244 | Last updated: Sep 9, 2025
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Sample QuestionThe business entity that converts purchased raw materials into finished goods by using labor, technology, and facilities is a:
This 'Cost Accounting Trivia Questions' quiz assesses knowledge on key cost accounting concepts, including direct labor, contribution margins, conversion costs, and inventory costs. It's designed for learners to understand...
Questions: 10 | Attempts: 7436 | Last updated: Sep 15, 2025
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Sample QuestionWhich one of the following best describes direct labor?
This is a quick quiz to test your knowledge of breakeven
Questions: 5 | Attempts: 881 | Last updated: Mar 20, 2025
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Sample QuestionWhat is a business doing at the breakeven point?
Welcome to this ACCT 302: Test On Cost Accounting! Costs involved in performing any process, project, or product are noted and analyzed. Such analysis helps the management in taking strategic decisions thanks to Cost which you...
Questions: 9 | Attempts: 896 | Last updated: Mar 22, 2025
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Sample QuestionWhen 20,000 units are produced, fixed costs are $16 per unit. Therefore, when 16,000 units are produced, fixed costs will ________.
The 'Cost Concepts and Principles II' quiz assesses understanding of various costing methods suitable for different scenarios, such as interior decorating and hospitals, and explores different types of costs like historical,...
Questions: 10 | Attempts: 716 | Last updated: Mar 20, 2025
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Sample QuestionWhich method of costing is best suited for interior decorator ?
Recent Cost Accounting Quizzes
Play this knowledgeable 'Management Financial And Cost Accounting MCQs With Answers' quiz and check how good are you in the cost accounting management system. This test covers many subtopics like costing, budgeting,...
Questions: 12 | Attempts: 1183 | Last updated: Mar 22, 2025
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Sample QuestionEstimate the Materials to be debited to Contract A/c. Materials direct to site Rs.4,40,000; Materials returned to store Rs.20,000 and Materials received from Store Rs.81,200.
Cost accounting is a process of classifying, recording, analyzing summarizing, evaluating and assigning different courses of action for cost control. With that point made, how well ro you think you'll pass this quiz.
Questions: 10 | Attempts: 244 | Last updated: Mar 20, 2025
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Sample QuestionCost accounting information is commonly used in?
Need some revision for the ACCT 302 on cost accounting? In recording financial transactions and concerning a business, there must be accounting processes involved, which include summarizing, analyzing, and reporting these...
Questions: 9 | Attempts: 871 | Last updated: Mar 21, 2025
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Sample QuestionInventoriable costs are assigned to inventories under GAAP.
Are you practicing to sit for the ACCT cost accounting exam? The quiz below is perfect for seeing just how much you have studied and if it is enough to give you a peaceful night's sleep. How about you give it a shot and get...
Questions: 8 | Attempts: 356 | Last updated: Mar 20, 2025
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Sample QuestionInventoriable costs and period costs flow through the income statement at a merchandising company similar to the way costs flow at a manufacturing company.
What we have here is a true and false ACCT 302: Cost Accounting Test! Cost accounting has a lot of variables that are in play all which are involved in the evaluation for the management to make informed decisions on cost and...
Questions: 8 | Attempts: 276 | Last updated: Mar 20, 2025
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Sample QuestionThere is a cause-and-effect relationship between the cost driver and the amount of cost.
With Cost Accounting having a lot of variables that are in play, that are all involved in the evaluation for the entities management to make informed decisions on cost and apportionment of each business unit, cost...
Questions: 9 | Attempts: 302 | Last updated: Mar 18, 2025
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Sample QuestionBecause of a cost-benefit trade-off, some direct costs may be treated as indirect costs.
What we have here is an ACCT 302 quiz on cost accounting. For a business to generate income, it has to either sell goods or offer services, but this also means it has to use some money too by obtaining resources. See how well you...
Questions: 6 | Attempts: 465 | Last updated: Mar 18, 2025
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Sample QuestionA cost object is anything for which a cost measurement is desired.
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