COST SHEET

Direct material comes under

• works cost

• prime cost

• cop

• cos

What is the other name for Carriage on purchases?

(a)  

What does the term 'overhead cost' refer to?

• Direct materials

• Indirect costs

• Fixed costs

• Variable costs

Which of the following is included in the calculation of total cost?

• Direct materials

• Direct labor

• Overhead costs

• All of the above

Which of the following is NOT a component of prime cost?

• Direct materials

• Direct labor

• Manufacturing overhead

• All of the above

Power is a indirect cost taken under

• Selling and Distribution o/h

• Prime cost

• Factory o/h

• Office o/h

Carriage inwards in taken to

(a)  

Audit and Directors fees is an indirect cost taken under

• Administration o/h

• Factory o/h

• COP

• COS

sale of scrap of material is taken to

• prime cost

• cost of sales

• raw materials consumed

Carriage outwards is taken to

• Selling and Distribution o/h

• Factory o/h

• COP

• COS