Manufacturing Cost

Manufacturing Cost

University

20 Qs

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Manufacturing Cost

Manufacturing Cost

Assessment

Quiz

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University

Practice Problem

Medium

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Factory insurance is considered to be a

Manufacturing overhead costs

Prime costs

Administrative costs

Operating income

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Prime costs are made up of

Raw materials costs + Direct labour costs

Direct labour costs + Indirect labour costs

Manufacturing overhead + Administrative costs

Selling and distribution costs + Administrative costs

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Summarize the cost of direct materials, direct labor and manufacturing overhead incurred in producing the goods.

Manufacturing costs

Manufacturing overhead

Cost of goods manufactured

Cost of goods sold

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is the cost of products being processed and not yet completed at end of period.

Finished goods

Work in process

Raw materials

Manufacturing overhead

Supplies expenses

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is the cost of products that have been completed and are waiting to be sold to customers.

Finished goods

Work in process

Cost of goods sold

Raw materials

Manufacturing cost

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Depreciation office furniture is considered to be a

Administrative costs

Selling and distribution costs

Manufacturing overhead costs

Asset

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is expired costs with producing any revenue benefit.

Cost

Losses

Expenses

Income

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