Certainly! Here's a practice quiz for cost accounting:
**Cost Accounting Practice Quiz**
**Question 1:**
What is the primary purpose of cost accounting?
a) To calculate a company's net income
b) To provide information about a company's financial position
c) To measure and analyze the costs of producing goods or services
d) To evaluate a company's market share
**Question 2:**
Which of the following is NOT a type of cost in cost accounting?
a) Direct labor cost
b) Variable cost
c) Sunk cost
d) Indirect cost
**Question 3:**
What is the formula for calculating total manufacturing cost?
a) Direct materials cost + Direct labor cost + Manufacturing overhead cost
b) Direct labor cost + Manufacturing overhead cost - Direct materials cost
c) Direct materials cost + Manufacturing overhead cost - Direct labor cost
d) Direct labor cost + Direct materials cost - Manufacturing overhead cost
**Question 4:**
