Lecturer Commerce Most Important MCQs Online Test No. 50

Online Free Taleem is free online MCQ’s test related to Lecturer Commerce. All the individuals who are going to appear in PPSC, FPSC, KKPSC, SPSC, BPSC, AJ&KPSC, NTS, Lecturer Commerce written test can attempt these tests in order to prepare for it in best possible way. Our tests of Lecturer of Commerce include all the important questions and Past Paper of  Lecturer Commerce, that have extremely high amount of chances for been included in the actual exam which make our test undoubtedly the best source of preparation.

Note:-

There will be 25 multiple choice question in the test.
Answer of the questions will change randomly each time you start this test.
Practice this test at least 5 times if you want to secure High Marks.
At the End of the Test you can see your Test score and Rating.
If you found any incorrect answer in Quiz. Simply click on the quiz title and comment below on that MCQ. So that I can update the incorrect answer on time.

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Test Instructions:-
Test NameLecturer Commerce
SubjectCommerce Test 50
Test TypeMCQs
Total Questions25
Total Time20 Minutes
Total Marks100
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You have 20 minutes to pass to the quiz.


Lecturer Commerce Online Test No. 50

1 / 25

The physical flow of units into and out of department is shown on the:

2 / 25

The method of inventory costing which most nearly approximates the actual flow of costs and units in most manufacturing situations is:

3 / 25

A materials requisition form normally does not contain which of the following?

4 / 25

...............is similar to a byproduct that results from a joint manufacturing process.

5 / 25

An inventory costing procedure in which the oldest costs incurred rerely have in effect on the ending inventory is:

6 / 25

Units which do not meet production standards and which are sold for their salvage value ( if any) are called:

7 / 25

Under a perpetual inventory system, the purchase of materials is recorded in an account entitled:

8 / 25

A written request to a supplier for specified goods at an agreed upon price is called a:

9 / 25

Which of the following production operations would be most likely to employ a process cost system?

10 / 25

Which of the following should not be on a monthly cost control report of a department manager?

11 / 25

Vacation pay for factory workers should be charged to:

12 / 25

The total of the materials subsidiary ledger inventory card must be equal to the amount in the following account:

13 / 25

Of most relevance in deciding how indirect costs should be assigned to a product is the degree of:

14 / 25

The only method of allocation service department costs to producing departments that considers reciprocal services is called the:

15 / 25

A written order sent to inform the purchasing department of a need for materials is called a:

16 / 25

If a unit of inventory has declined in value below original cost but the market value, exceeds net realizable value the amount to be used for purposes of inventory valuation is:

17 / 25

Of most relevance in deciding how or which costs should be assigned to a responsibility center is the degree of:

18 / 25

Under a periodic inventory system, the purchase of materials is recorded in an account entitled:

19 / 25

Depreciation based on the number of units produced would be classified as what type of cost?

20 / 25

The analysis of the activity in a department or cost center for a period is called a:

21 / 25

Which of the following is usually prepared daily by employees for each job worked on?

22 / 25

In job order costing, payroll taxes paid by the employer for factory employees are preferably accounted for as:

23 / 25

Factory worker fringe benefit costs are usually charged to:

24 / 25

The cost of idle time incurred by employees that is considered normal for the production process should be charged to:

25 / 25

A job order cost sheet normally does not contain which of the following?

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