Manufacturing Costing

Raw materials cost $2000, Carriage inwards on materials cost $500 and Supervisor salaries cost $1500. What is prime cost?

Which account contains overheads and prime cost?

(a)  

A cost that cannot be easily traced back to production is called

(a)  

A cost that changes when output changes is called

(a)  

A cost that does not change when output changes is called

(a)  

Which of the following is calculation of prime cost?

Which of the following are examples of variable costs?

Production cost of goods completed is transferred to the income statement after being completed is this true or false?

Areas where costs are absorbed differently within an organization are called

(a)  

Accounting that is used primarily for internal use is called

(a)