Accounting MCQs / Q&A

A. Uncontrollable cost
B. Sunk cost
C. Avoidable cost
D. Opportunity cost

A. Crane hours
B. Crane value
C. Truck Mileage
D. Truck value

A. 111%
B. 120%
C. 95%
D. 117%

A. Direct cost
B. Variable cost
C. Commercial cost
D. Conversion cost

A. Relevant costs
B. Differential costs
C. Target costs
D. Sunk costs

A. Variable cost
B. Unit cost
C. Total cost
D. Fixed cost

A. No change occurs to inventories for either use absorption costing or variable costing methods
B. The use of absorption costing produces a higher net income than the use of variable costing
C. The use of absorption costing produces a lower net income than the use of variable costing
D. The use of absorption costing causes inventory value to increase more than they would though the use of variable costing

A. I
B. T
C. H
D. None