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WorksheetsDirect and indirect costs
Total questions: 10
Worksheet time: 10mins
What are direct costs?
it is taking place over a small period of time.
is assets minus liabilities.
is an expense that rises and falls with the volume of production.
is the pattern of purchasing materials and using them to earn a profit.
What are variable costs?
is an expense that rises and falls with the volume of productio
is a bribe.
direct materials are the materials that are used to make products
A direct cost is an expense that rises and falls with the volume of production.
What are indirect costs?
direct labor is the wages of employees who make a company's products.
to finance something is to borrow money in order to purchase it.
are costs such as rents and insurance premiums that stay the same regardless of the volume of production.
is an expense that stays the same regardless of the volume of production.
What are fixed costs?
are categories of production costs into which indirect costs are allocated.
is a method for allocating indirect costs as parts of production costs.
is an expense that stays the same regardless of the volume of production
What are direct materials?
are the materials that are used to make products.
is a group of employees within an organization that monitor the organization's operations, records, etc.
are costs such as utilities that rise and fall with the volume of production.
is an expense that rises and falls with the volume of production.
What is a Direct labor?
is the act of one company absorbing another.
is the act of ending a lease prior to the end of the lease term.
is the wages of employees who make a company's products.
What is a variable overhead?
are costs such as utilities that rise and fall with the volume of production.
is the act of intentionally recording incorrect information.
is the act of ending a lease prior to the end of the lease term.
What are fixed overheads?
is an expense that stays the same regardless of the volume of production.
are costs such as rents and insurance premiums that stay the same regardless of the volume of production.
is an expense that rises and falls with the volume of production.
What is activity- based costing (ABC)?
is a method for allocating indirect costs as parts of production costs.
are costs such as utilities that rise and fall with the volume of production.
are categories of production costs into which indirect costs are allocated
What are cost drivers?
are costs such as utilities that rise and fall with the volume of production.
are the materials that are used to make products.
are categories of production costs into which indirect costs are allocated.
