Manufacturing Cost

Manufacturing Cost

9th - 12th Grade

8 Qs

quiz-placeholder

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Manufacturing Cost

Manufacturing Cost

Assessment

Quiz

Engineering

9th - 12th Grade

Medium

Created by

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.

value-added task
non-value added tasks
wasteful processes
unproductive activities
inefficient methods

7.

DROPDOWN QUESTION

1 min • 2 pts

Typically, as ​ (a)   increases the cost of production​ (b)  

automation
decreases
manual labor, stays the same
outsourcing, stabilizes
innovation, fluctuates

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