Overheads

Overheads

University

8 Qs

quiz-placeholder

Similar activities

Introduction of IP

Introduction of IP

University

10 Qs

Leaders of The World

Leaders of The World

KG - University

10 Qs

Womens Health

Womens Health

University

10 Qs

ACS MODULE 2 IQ#2

ACS MODULE 2 IQ#2

University

10 Qs

Walentynkowy quizz

Walentynkowy quizz

University

10 Qs

Topic 3: Site Clearance & Earthworks

Topic 3: Site Clearance & Earthworks

University

10 Qs

About EU, Georgia

About EU, Georgia

University

12 Qs

Facts and fiction about Oulu

Facts and fiction about Oulu

9th Grade - University

10 Qs

Overheads

Overheads

Assessment

Quiz

Other

University

Practice Problem

Hard

Created by

Hannah Page

Used 3+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What are overheads in costing?

Direct costs that are directly attributable to specific goods or services
Indirect costs that are not directly attributable to specific goods or services
Variable costs that fluctuate with production levels
Fixed costs that remain constant regardless of production levels

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What are examples of overhead expenses?

Cost of raw materials
Rent, utilities, insurance
Cost of direct labour
Cost of finished goods

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Why are overheads essential for understanding total cost of operations?

To increase production efficiency
To reduce overall costs
To price products or services appropriately
To avoid profitability

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

How are overheads typically categorized?

Labour, materials, and overheads
Manufacturing, selling, and administrative
Direct, indirect, and variable
Fixed, variable, and semi-variable

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the purpose of accurately allocating overheads to cost objects?

To increase production costs
To decrease profitability
To price products incorrectly
To ensure profitability

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Why is it important for businesses to accurately account for overheads?

To maximize losses
To reduce overall costs
To improve profitability
To avoid pricing products appropriately

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the role of overheads in the total cost of operations?

They have no impact on total cost
They are the only cost involved
They contribute to the total cost
They decrease total cost

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?