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Costing Basics - Unit 1 - Introduction 1

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Businesses need to track the costs and income streams to create

a)

sales

b)

accurate budgets

c)

effective business plans

d)

journal entries

2.

Which of the following is a Profit Centre (not a Cost Centre)?

a)

Production Department

b)

Service Cost Centre

c)

Administration Department

d)

Marketing Department

3.

Costs incurred in a production cost centre of an ice-cream factory is a

a)

Production Cost

b)

Non-Production Cost

4.

Costs incurred in a service cost centre of an ice-cream factory is a

a)

Production Cost

b)

Non-Production Cost

5.

Cooking department of an ice-cream factory is a

a)
Production Cost Centre
b)
Service Cost Centre
6.

Maintenance of machinery department of an ice-cream factory is a

a)
Production Cost Centre
b)
Service Cost Centre
7.

Quality Control department of an ice-cream factory is a

a)
Production Cost Centre
b)
Service Cost Centre
8.

Production Planning department of an ice-cream factory is a

a)
Production Cost Centre
b)
Service Cost Centre
9.

Which department helps to sell products of an ice-cream factory

a)

Administration Department

b)

Marketing Department

10.

Which department of an ice-cream factory places orders for raw materials with suppliers

a)

Administration Department

b)

Marketing Department