Cost Accounting Quizzes , Questions & Answers

Recent Cost Accounting Quizzes

This final exam on Activity Based Costing for Teksize and Shauton companies tests the application of ABC in allocating costs based on setups, labor hours, and other activities. It assesses understanding of traditional costing vs....

Questions: 10 | Attempts: 128 | Last updated: Jul 21, 2025

Sample Question
(Untuk soal no 1 -3) Teksize company makes two products, regular and large, using the same equipment. One production run of each product is scheduled approximately each week. Teksize uses a costing system that accumulates all overhead in a single cost pool and allocates it based on direct labor hours. Teksizes management has decided to implement ABC, and has just finished a study that revealed significant amounts of costs related to the number of setups. Direct labor hour will still be used as the allocation base for the remaining overhead cost. Information concerning teksize company most recent year of operational: Regular Large Total Unit Produced 10.000 10.000 20.000 Direct material cost Per unit Total $1 $10.000 $4 $40.000 $50.000 Direct Labor Hours per unit Total Hours Total Cost 1 10.000 $120.000 4 40.000 $480.000 50.000 $600.000 Setup 51 52 103 Overhead: Setup related $515.000 other $985.000 Total overhead $1.500.000 Berapakah overhead yang dialokasikan ke pada produk reguler dan large menggunakan traditional costing?

400.000; 500.000

515.000; 985.000

300.000; 1.200.000

515.000; 985.000

Cost Accounting Quiz Questions

This Cost Accounting Quiz assesses knowledge on variance analysis, budgeting processes, and production efficiency assumptions. It tests skills in planning, performance evaluation, and continuous improvement, crucial for effective...

Questions: 11 | Attempts: 1227 | Last updated: Jul 22, 2025

Sample Question
W

The variance is large in absolute or relative size.

The variance is small relative to the amount of spending involved.

The variance is small compared to the normal level of random fluctuation in the account.

The variance is common in occurrence.

Accounting Quiz 1 Chapters 1-2

Different costs are incurred during the manufacturing of products and are transferred to the consumer in the process. Do you have a good understanding of this cost and how do we account for them as accountants? Take up the...

Questions: 20 | Attempts: 159 | Last updated: Mar 19, 2025

Sample Question
What's another name for manufacturing costs?

Prime

Period

Product

Conversion

Cost Accounting Trivia Questions

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: 7528 | Last updated: Sep 15, 2025

Sample Question
Which one of the following best describes direct labor?

A prime cost.

A period cost.

A product cost.

Both a product cost and a prime cost.

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