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Accounting 303: Cost Accounting Final Exam

Free Practice Test Instructions:

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

Question 1 1. Which costing method calculates overhead as a function of specific activities?

Question 2 2. Activity-based management uses what type of costing?

Question 3 3. What could undermine your company's attempts to go green?

Question 4 4. What is a tangible cost on sales?

Question 5 5. What is the difference between a budget and a cost baseline?

Question 6 6. The most accurate estimating technique is _____ estimating.

Question 7 7. The variance calculated for a product describes the difference between a _____ amount and the _____ amount.

Question 8 8. Which perspective focuses on training employees?

Question 9 9. Which of these statements is NOT correct?

Question 10 10. Tyler's Tires make 1,000 tires at $72 each. They want to make $25,000 and they need to pay rent of $5,000 during that time period. For how much should Tyler sell each tire?

Question 11 11. Which of the following changes in the cost structure can change average total cost?

Question 12 12. Which of the following statements is TRUE?

Question 13 13. When would a company choose NOT to use incremental analysis with respect to equipment?

Question 14 14. The excess amount over the _____ is called profit.

Question 15 15. What does the reciprocal distribution method allow you to do?

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Accounting 303: Cost Accounting Final Free Practice Test Instructions

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

Accounting 303: Cost Accounting  /  Business Courses
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