
Cost Classification by nature Quiz
Quiz
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Other
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University
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Practice Problem
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Hard
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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following costs can be directly traced to individual units of production?
Rent of the factory
Wages of supervisors
Metal used in production
Telephone charges
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are indirect costs also known as?
Direct costs
Overheads
Expenses
Labour costs
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following costs cannot be linked to individual units of production?
Direct materials
Direct labour
Direct expenses
Rent for the factory
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term used to refer to the total direct cost?
Prime cost
Indirect cost
Overhead cost
Production cost
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following costs fall outside the range of this exam?
Direct materials
Direct labour
Royalties paid for each unit produced
Rent for the factory
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the context of cost classification, what does the term 'overhead' refer to?
Direct costs
Indirect costs
Expenses
Labour costs
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of costs are the wages of supervisors in Dorf's factory?
Direct costs
Indirect costs
Direct materials
Direct labour
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