Lecturer Commerce Most Important MCQs Online Test No. 52

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.


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.

Please Click Below START  Button to Take this Commerce Test Online.

Test Instructions:-
Test Name Lecturer Commerce
Subject Commerce Test 52
Test Type MCQs
Total Questions 25
Total Time 20 Minutes
Total Marks 100

You have 20 minutes to pass to the quiz.

Lecturer Commerce Online Test No. 52

1 / 25

Which of the following elements of production is not viewed ass waste time?

2 / 25

Standards that can be met or even surpassed by the employment of efficient operations are know as a(n):

3 / 25

Excess direct labor wages will be disclosed in which type of variance?

4 / 25

Equivalent production is not critical to the computation of which variance?

5 / 25

Standard cost are:

6 / 25

For external financial statement purposes, inventories must be reported at:

7 / 25

Unfavorable variances are the result of management's use of:

8 / 25

When standard costs are used, the amount of detailed record keeping will normally:

9 / 25

The type of closing which is most suitable for cost control purpose is:

10 / 25

In standards costing, standard hours allowed is a means of measuring.

11 / 25

When inventory is to be shown at actual costs, the variances will be charged off as a:

12 / 25

The area on a learning curve in which the average direct labor time per unit stabilizes is known as the:

13 / 25

When inventory is to be shown at standard costs, the variances will be charged off as a:

14 / 25

Which one of the following statements best characterizes standard costs?

15 / 25

A standard that is developed using utopian conditions for a given manufacturing process is know as a(n):

16 / 25

Of the different types of standards listed below, the one which best describes labor cost that should be incurred under forthcoming efficient Operating conditions is:

17 / 25

Variance that the treated as period costs will be closed to:

18 / 25

A standard that is never altered once established is known as a (n):

19 / 25

Which of the following accounts is not kept at standard costs under a standard cost system?

20 / 25

Factory overhead costs under a standard cost system are debited to Work-in- process Inventory at:

21 / 25

Predetermined specifications of quantities that should go into the production of one finished unit are known as:

22 / 25

What standard cost variance represents the difference between actual factory overhead incurred and budgeting factory overhead based on actual direct labor hours worked?

23 / 25

Which of the following cost bases should be used to value inventory for external financial reporting?

24 / 25

Which department is in the best position to set realistically attainable quantity standards for a production process?

25 / 25

Standard costs provide the building locks for a (n):

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