Cost Accounting MCQ Multiple Choice Questions - Page 4 for Practice

Correct Answer is: Costs that increase or decrease with production levels

Correct Answer is: Costs are assigned to specific jobs or orders

Correct Answer is: Pricing based on cost of production plus a markup

Correct Answer is: The number of units that need to be sold to cover costs

Correct Answer is: The ability to generate profits from fixed costs

Correct Answer is: To assign costs to specific products or departments

Correct Answer is: By department or process

Correct Answer is: Direct materials for production

Correct Answer is: Pricing and product selection

Correct Answer is: A unit or item to which costs are assigned

Correct Answer is: To determine the profit from a given sales volume

Correct Answer is: Sales - Total variable costs

Correct Answer is: Pre-determined costs

Correct Answer is: Absorption costing includes fixed costs in the cost of products; variable costing does not

Correct Answer is: The cost that has already been incurred and cannot be recovered