
Manufacturing Cost

Quiz
•
Engineering
•
9th - 12th Grade
•
Medium
Eric Connor
Used 3+ times
FREE Resource
8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Capital costs are _.
One time large expenses
Periodic costs over time
unchanged costs regardless of production
costs based on production rate
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Variable costs are _.
One time large expenses
Periodic costs over time
unchanged costs regardless of production
costs based on production rate
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Operating cost costs are _.
One time large expenses
Periodic costs over time
unchanged costs regardless of production
costs based on production rate
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
fixed costs are _.
One time large expenses
Periodic costs over time
unchanged costs regardless of production
costs based on production rate
5.
CLASSIFICATION QUESTION
3 mins • 3 pts
Please sort the following items as their respective costs type
Groups:
(a) Captial
,
(b) Fixed
,
(c) Variable
insurance
Rent
Material
maintenance
Building
Labor
Robots
Shipping
Large Machine
Salary employee
utilities
Land
6.
DROPDOWN QUESTION
1 min • 2 pts
A (a) will increase the value of raw material as it's produced into a product while (b) will not directly increase the value of the material, no matter its importance.
7.
DROPDOWN QUESTION
1 min • 2 pts
Typically, as (a) increases the cost of production (b)
8.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is included in product costs?
Product costs include: Direct Labor, Factory Supervision, Indirect Materials, Depreciation of production equipment, Insurance of factory, direct materials
Product costs include the expenses incurred in the administration process such as office rent, salaries of the management team, and office supplies
Product costs include the expenses incurred in the financing process such as interest on loans, dividends, and stock issuances
Product costs include the expenses incurred in the selling process such as advertising, sales commissions, and shipping costs
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