MA1 - C2 - Q1

MA1 - C2 - Q1

12th Grade

10 Qs

quiz-placeholder

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MA1 - C2 - Q1

MA1 - C2 - Q1

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Easy

Created by

Nguyễn Đông Phương

Used 12+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 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

30 sec • 1 pt

Which of the following is NOT considered a manufacturing cost?

Direct expenses

Direct material

Direct labor

Selling costs

3.

MULTIPLE CHOICE QUESTION

30 sec • 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

30 sec • 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

30 sec • 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

30 sec • 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

30 sec • 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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