Manufacturing costs
Quiz
•
Business, Specialty, Other
•
University
•
Medium

Laura Caballero
Used 39+ times
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8 questions
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1.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
What are product costs?
Costs assigned to the manufacture of products and recognized when sold.
Costs not identified on the product.
Costs mixed between sales and other expenses.
2.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
These costs can be identified with units (or batches of units) at a relatively low cost.
Sales expenses
COGS
Direct manufacturing costs
Indirect manufacturing costs
3.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
These are all other product costs. These costs are more complicated to identified through units or batches of units.
Direct costs
All product costs
Indirect manufacturing costs
4.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
These are also know as "raw materials". They can be feasibly identified, directly and at relatively low cost, with the product.
Direct materials
Inventory
Purchases
5.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
These workers transform the direct materials into a finished product.
Direct labor
Worker bees
Minions
6.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
These are all other costs of transforming the materials into a finished product.
Manufacturing overhead
All expenses
Marketing expenses
7.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
The sum of Direct materials and direct labor is known as
8.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The sum of direct labor and manufacturing overhead is known as
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