Quiz 4 CTB Units 1, 2 and 3

Quiz 4 CTB Units 1, 2 and 3

11th Grade

20 Qs

quiz-placeholder

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Quiz 4 CTB Units 1, 2 and 3

Quiz 4 CTB Units 1, 2 and 3

Assessment

Quiz

Business

11th Grade

Hard

Created by

Ganesan KS

Used 1+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Example of a direct material.

cork stopper used in a glass bottle

steel used in making a cooking pot

buttons on a shirt

sugar used in a cup of coffee

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is prime cost?

Material cost + Wages + Factory expenses

Direct Materials + DIrect wages + Overheads

Indirect materials + Indirect wages + Indirect expenses

Direct materials + Direct wages + Direct expenses

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

This is not part of marketing overhead.?

Freight out

Cost of delivery van

Promotion expenses

Cost of samples

4.

MULTIPLE CHOICE QUESTION

20 sec • 2 pts

When materials are issued in chronological order ie oldest materials being issued first, it is called

Weighted Average method

Last-in-First-out method

First-in-First-out method

Unit of measure method

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

In manufacturing soft drinks, the cost of cans are treated as

secondary packing materials

production overhead cost

primary packing materials

marketing cost

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What are service cost centres?

cost centres not directly involved in production process

cost centres that produce only the indirect materials

cost of services that are outsourced to external parties

cost centres that assist in administration and marketing of products

7.

MULTIPLE CHOICE QUESTION

10 sec • 2 pts

Which deparment is not part of a retail company?

Production department

Administration department

Marketing department

Finance department

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