Font size
WorksheetsACC416_INTRODUCTION TO COSTING
Total questions: 15
Worksheet time: 30mins
Cost accounting is prepared based on past, present and future events
True
False
Account payables and financial institution and are example of financial accounting users.
TRUE
FALSE
Which of the following are indirect labor?
Choose 3 answer
Wages of security guard in the factory
Chief Accountant Salary
Wages of production operators
Wages of storekeepers in warehouse
Ceramic Trading is a business manufactures ceramic in Perak. Pick from the following, direct cost for the business
Rent & Rates
Advertisement
Clay
Insurance on building
Which of the following are non-production costs?
Depreciation of machinery
Audit Fees
Factory Utilities
Wages of machine operators
Identify INCORRECT PAIR below:
Cost unit - 3 bottles of hand sanitizer
Cost - Purchase a box of 3-ply face mask at the cost of RM 17
Service Cost Center - Kitchen in McDonalds
Production Department - Sewing department of a bridal attire business
Cost can be collected or charged according to production/process & service center
True
False
Cost can be classify according to:
(Choose 3 answer)
Nature - Material, Labor Skills
Function - Manufacturing & Non-Manufacturing Cost
Behaviour - Fixed, Variable, Mixed & Step Cost
Traceability - Direct Cost & Indirect Cost
Identify the correct cost classification according to Function:
Interest on loan - Finance Cost
Maintenance Fees for office photocopy machines - Admin Cost
Cost of painting slogans on delivery van - Production Overhead
Salesman Salaries - R&D Cost
Telephone rental plus metered calls is considered as:
Variable Cost
Fixed Cost
Step Cost
Mixed Cost
Which of the following is NOT direct material?
Fabrics used in making dress
Flour and butter in production of cookies
Lubricants for sewing machine
Bottle cap used in producing mineral bottle
Identify the correct pair for COST UNIT
Paint - Cost per litres
Fabric - Cost per metres
Hotel - Cost per room per night
Airlines - Cost per kilogram
Below are the example of prime cost for bakery business EXCEPT:
Cost of purchasing flour & butter for cakes & buns production
Hire of special machine for buns production
Carriage cost on purchase of basic raw material
Wages of bakers in the kitchen
Evaporation of chemical during the operation is one of the example of Normal Cost (Expected Cost)
True
False
Which of the following are PERIOD COST?
Choose 3 answer
Transportation Cost incurred to deliver goods to customers
Purchase of pen drives for general office computer
Market survey undertaken before product launch
Production Wages
