Accounting MCQs

1590 MCQs  (Page 76 of 159)

Attempt Accounting MCQs Quiz
The cost of product failure, error prevention and appraisals can be classified under ___________?
A. Stocking costs
B. Stock-out costs
C. Costs of quality
D. Shrinkage costs
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Which of the following is an example of purchasing costs?
A. Incoming freight
B. Storage costs
C. Insurance
D. Spoilage
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If an average inventory is 2000 units, annual relevant carrying cost of each unit is $5, then the annual relevant carrying cost will be __________?
A. $5,000
B. $4,500
C. $5,500
D. $6,000
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If the demand of one year is 25000 units, relevant ordering cost for each purchase order is $210, carrying cost of one unit of stock is $25 then the economic order quantity will be ___________?
A. 678 packages
B. 648 packages
C. 658 packages
D. 668 packages
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The costs of goods acquired from suppliers are classified as ___________?
A. Stock-out costs
B. Ordering costs
C. Carrying costs
D. Purchasing costs
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The activities related to coordinating, controlling and planning flow of inventory are classified as ___________?
A. Decisional management
B. Throughput management
C. Inventory management
D. Manufacturing management
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The profit forgone by capital investment in inventory rather than investment of capital to somewhere else is classified as ____________?
A. Relevant purchase order costs
B. Relevant inventory carrying costs
C. Irrelevant inventory carrying costs
D. Relevant opportunity cost of capital
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If the relevant incremental costs are $5000 and the relevant opportunity cost of invested capital is $2500, then the relevant inventory carrying costs would be ____________?
A. $7,500
B. $7,000
C. $6,500
D. $6,000
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The method of costing that supports creation of value for customer by accounting whole value stream, rather than individual departments or products is classified as __________?
A. Economic accounting
B. Back-flush accounting
C. Lean accounting
D. Lead accounting
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The number of purchase orders for each year is multiplied to relevant ordering cost for each purchase order to calculate _____________?
A. Annual irrelevant ordering costs
B. Annual relevant carrying costs
C. Annual relevant ordering costs
D. Annual irrelevant carrying costs
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Word of the Day
17 Jul
Flagrant
(of an action considered wrong or immoral) conspicuously or obviously offensive.
انتہائی برا، قابل مذمت، فاش

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