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WorksheetsQUIZ 2 : TOPIC 2 [MANUFACTURING COSTS:CONCEPTS & COMPONENTS]
Total questions: 20
Worksheet time: 20mins
When the company purchase an inventory, it is a (n) _______________
costs
expenses
When the company pay a monthly rental, it is a (n) _______________
costs
expenses
When the company pay RM1,500 for the premium insurance, it is a (n) _______________
costs
expenses
When the prepaid insurance expired because of time movement, it is a (n) _______________
costs
expenses
Costs of goods sold is an example of a (n) ___________
costs
expenses
Jang Electronics is a manufacturer of laptop computers intends to classify these costs and expenses :
'Property taxes on the factory building' is a ______________
Direct materilas
Direct labour
Manufacturing overhead
Period costs
Jang Electronics is a manufacturer of laptop computers intends to classify these costs and expenses :
'Production superintendent's salaries' is a ______________
Direct materilas
Direct labour
Manufacturing overhead
Period costs
Jang Electronics is a manufacturer of laptop computers intends to classify these costs and expenses :
'Memory boards and chips used in assembling computers' is a ______________
Direct materilas
Direct labour
Manufacturing overhead
Period costs
Jang Electronics is a manufacturer of laptop computers intends to classify these costs and expenses :
'Depreciation on the factory equipment' is a ______________
Direct materilas
Direct labour
Manufacturing overhead
Period costs
Jang Electronics is a manufacturer of laptop computers intends to classify these costs and expenses :
'Salaries for assembly-line quality control inspectors' is a ______________
Direct materilas
Direct labour
Manufacturing overhead
Period costs
Jang Electronics is a manufacturer of laptop computers intends to classify these costs and expenses :
'Sales commissions paid to sell laptop computers' is a ______________
Direct materilas
Direct labour
Manufacturing overhead
Period costs
Jang Electronics is a manufacturer of laptop computers intends to classify these costs and expenses :
'Electrical components used in assembling computer' is a ______________
Direct materilas
Direct labour
Manufacturing overhead
Period costs
Jang Electronics is a manufacturer of laptop computers intends to classify these costs and expenses :
'Wages of workers assembling laptop computers' is a ______________
Direct materilas
Direct labour
Manufacturing overhead
Period costs
Prime costs consists of
Direct materials costs + Direct labour costs
Direct labour costs + Indirect labour costs
Manufacturing overhead + Administrative costs
Selling and distribution costs + Administrative costs
The cost of direct materials, direct labor and manufacturing overhead incurred in producing the goods are
Current Manufacturing costs
Manufacturing overhead
Cost of goods manufactured
Cost of goods sold
The costs of products being processed and not yet completed at end of period known as
Beginning Inventory Finished goods
Ending Inventory Work in process
Beginning Inventory Work in process
Ending Inventory Finished goods
The costs of products that have been completed and can be be sold to customers known as
Costs of Finished goods
Costs of Work in process
Cost of goods sold
Costs of Raw materials
Depreciation of office furniture is considered to be a (n)
Administrative costs
Selling and distribution costs
Manufacturing overhead costs
Finance costs
Direct labour + Manufacturing overhead =
Conversion cost
Prime cost
Manufacturing cost
None of the answer
Also known as non-manufacturing cost
Product cost
Period cost
Prime cost
Conversion costs
