Quiz  /  Cost concept Gate & PSU MCQ Questions With Answers

  • 1. 
    When classified according to traceability to cost objective, the cost of raw materials is considered a:

  • Discretionary cost
  • Direct cost
  • Product cost
  • Committed cost

  • 2. 
    This is the assignment of indirect costs to cost pools.

  • Cost classification
  • Cost assignment
  • Cost allocation
  • Cost driver
  • Allocation bases

  • 3. 
    If variable manufacturing costs = P100, variable non-manufacturing costs = P75, fixed manufacturing costs = P50 and fixed non-manufacturing costs = P25, how much is the total product cost under the direct costing method?

  • P175
  • P150
  • P125
  • P75

  • 4. 
    Biaya pengangkutan saat pembelian Material adalah

  • Direct Material (DM)
  • Direct Labor (DL)
  • Factory Overhead (FOH)
  • Selling Expense
  • Administrative Expense

  • 5. 
    Lake Appliance produces washers and dryers in an assembly-line process. Labor costs incurred during a recent period were: corporate executives, $500,000; assembly-line workers, $180,000; security guards, $45,000; and plant supervisor, $110,000. The total of Lake's direct labor cost was

  • $110,000.
  • $180,000
  • $155,000
  • $235,000

  • 6. 
    Which of the following is not a period cost?

  • Legal costs
  • Public relations costs
  • Wages of assembly-line workers
  • Sales commissions

  • 7. 
    The cost raw materials is recorded as product cost when:

  • the raw materials are bought.
  • the raw materials are sold.
  • the raw materials are processed even if it is not yet finished.
  • the finished goods are available.
  • the finished goods are sold.

  • 8. 
    Which of the following would not be classified as a product cost?

  • Direct materials.
  • Direct labor
  • Sales commissions
  • Indirect materials

  • 9. 
    Berikut ini adalah klasifikasi biaya berdasarkan Perilaku

  • Fixed Cost dan Variable Cost
  • Direct Cost dan Indirect Cost
  • Product Cost dan Period Cost
  • Sunk Cost dan Opportunity Cost

  • 10. 
    Prime Cost diperoleh dari :

  • DM + DL
  • DL + FOH
  • DM + FOH
  • DM + DL + FOH

  • 11. 
    Future costs can never be sunk costs.

  • True
  • False

  • 12. 
    Costs that are expensed when incurred are called:

  • direct costs
  • period costs
  • product costs
  • indirect costs

  • 13. 
    Which cost is also known as inventoriable cost?

  • Product cost
  • Period cost
  • Manufacturing cost
  • Non-manufacturing cost

  • 14. 
    Depresiasi untuk bangunan kantor administrasi adalah

  • Direct Material (DM)
  • Direct Labor (DL)
  • Factory Overhead (FOH)
  • Selling Expense
  • Administrative Expense

  • 15. 
    Conversion Cost (Biaya Konversi) diperoleh dari :

  • DM + DL
  • DL + FOH
  • DM + FOH
  • DM + DL + FOH

  • 16. 
    Beban Sewa gedung toko adalah

  • Direct Material (DM)
  • Direct Labor (DL)
  • Factory Overhead (FOH)
  • Selling Expense
  • Administrative Expense

  • 17. 
    Products and services are generally cost pools, while manufacturing departments are considered either cost pools or cost objects.

  • True
  • False

  • 18. 
    We have three suppliers - A, B and C. A sells the raw materials for P100 per kilo, B sells the raw materials for P120 per kilo and C sells the raw materials for P130 per kilo. If we buy from C because he is our relative:

  • There will be a P20 out-of-pocket cost.
  • There will be a P30 opportunity cost.
  • There will be a P30 marginal cost.
  • There will be a P20 relevant cost.
  • Not in the choices

  • 19. 
    Logo perusahaan manufaktur apakah ini ?

  • Holcim Indonesia
  • Champion Pasific Indonesia
  • Japfa Comfeed Indonesia
  • Charoen Pokphand Indonesia

  • 20. 
    If direct materials = P200, direct labor = P150, and manufacturing overhead = P100, how much is the total conversion cost?

  • P350
  • P300
  • P250
  • P200
  • Not in the choices

  • 21. 
    Which of the following employees would not be classified as indirect labor?

  • Plant Custodian
  • Salesperson and assembler of wooden furniture
  • Plant security guard.

  • 22. 
    The cost of inventory classified according to financial statement

  • Income statement
  • Raw material inventory cost
  • Statement of financial position
  • Inventoriable cost
  • Statement of cash flows

  • 23. 
    These are all the costs that are expensed on the income statement when they are incurred.

  • Product costs
  • Operating expenses
  • Period costs
  • Manufacturing costs
  • Non-manufacturing costs

  • 24. 
    Budgeted costs belong to which cost classification?

  • Planning and control
  • Decision making and other analytical purposes
  • Managerial influence
  • Time-frame perspective

  • 25. 
    Berikut ini adalah klasifikasi biaya berdasarkan Fungsi

  • Fixed Cost dan Variable Cost
  • Direct Cost dan Indirect Cost
  • Product Cost dan Period Cost
  • Sunk Cost dan Opportunity Cost

  • 26. 
    Beban Sewa gedung Pabrik adalah

  • Direct Material (DM)
  • Direct Labor (DL)
  • Factory Overhead (FOH)
  • Selling Expense
  • Administrative Expense
Report Question
warning
access_time
  Time