
MA1 - C2 - Q1
Authored by Nguyễn Đông Phương
Social Studies
12th Grade
Used 17+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What are the two main categories of costs discussed in Chapter 2?
Fixed and variable costs
Material and labor costs
Direct and indirect costs
Production and non-production costs
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is NOT considered a manufacturing cost?
Direct expenses
Direct material
Direct labor
Selling costs
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the term for costs that can be directly traced to a specific cost object?
Variable costs
Indirect costs
Direct costs
Overhead costs
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is an example of an indirect cost?
Direct labor
Prime cost
Direct material
Indirect labor
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the significance of separating production and non-production costs?
To reduce labor costs
To increase material costs
To improve inventory management
To enhance profit reporting
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is classified as a non-production cost?
Prime costs
Administration costs
Direct material costs
Direct labor costs
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does 'prime cost' refer to?
Direct material and labor costs
Total manufacturing costs
Indirect costs
Selling and distribution costs
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