
Chapter 2-Cost Allocation
Quiz
•
Computers
•
12th Grade
•
Hard
Steven Howard
FREE Resource
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21 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Manufacturing Overhead can be a Wages paid to employees who are not directly involved in production work.
TRUE
FALSE
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Sunk costs have already been incurred and cannot be changed now or in the future. These costs should be included when making decisions.
TRUE
FALSE
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Rent and Lease Cost
Variable Cost
Mixed or Semi-Variable Cost
Fixed Cost
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Raw Materials
Variable Cost
Mixed or Semi-Variable Cost
Fixed Cost
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Salaries
Variable Cost
Mixed or Semi-Variable Cost
Fixed Cost
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Pertains to resources expended in order to achieve an objective
Budget
Cost
Yield
Capital
Answer explanation
(Fundamentals in Nutrition and Dietetics Review Manual Vol. 1 Basic Foods and Institutional Management, p. 197)
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Inventory includes
A. Finished goods
B. Raw materials
C. Work-in-progress
D. All of the above
E. None of the above
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