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Cost Accounting Quizzes & Trivia

Have you ever been stuck on what to do, all because of how much something cost? By using cost accounting, one can collect and analyze financial data to determine the best course of action. This helps one find cost efficiency and helps in future planning. Can you name a few of the elements required to perform detailed cost accounting?
 
Most cost accounting involves raw materials, cost of labor, expenses, and overhead. Do you know the difference between cost accounting and financial accounting? Typically, financial accounting is usually for the “outside” world, while cost accounting is usually just for managers and financial officers of a company. Whether you’re studying to become an accountant or you just love learning about finances, our quizzes on cost accounting are sure to give you a challenge!
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Cost Accountant test.

Questions: 10  |  Attempts: 3585   |  Last updated: Jun 15, 2017
  • Sample Question
    Which one of the following best describes direct labor?

Quiz Description

Questions: 61  |  Attempts: 622   |  Last updated: Sep 8, 2020
  • Sample Question
    The business entity that converts purchased raw materials into finished goods by using labor, technology, and facilities is a:

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: 620   |  Last updated: Mar 16, 2020
  • Sample Question
    When 20,000 units are produced, fixed costs are $16 per unit. Therefore, when 16,000 units are produced, fixed costs will ________. 

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: 371   |  Last updated: Mar 16, 2020
  • Sample Question
    Inventoriable costs are assigned to inventories under GAAP.

Basics of cost and cost concepts and principles

Questions: 10  |  Attempts: 511   |  Last updated: Jan 31, 2013
  • Sample Question
    Which method of costing is best suited for interior decorator ?
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