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Basic Costing for LLT

Total questions: 10

Worksheet time: 2mins

Name
Class
Date
1.
  1. 1. How much is the fixed cost?

a)

650

b)

640

c)

550

d)

540

2.

2. How much is the Conversion Cost?

a)

2150

b)

3350

c)

1150

d)

2250

3.

3 How much is the cost of production?

a)

1750

b)

2750

c)

1100

d)

2250

4.

4 How much is the COP/MT?

a)

0.29

b)

0.28

c)

0.27

d)

0.37

5.

Below is the component of conversion cost, except?

a)

Variable Cost

b)

Quality Cost

c)

Depreciation

d)

Monosodium Glutamate

6.

Any group of manufacturing costs which are budgeted and reported together is called?

a)

Cost Allocation

b)

Activity Based Costing

c)

Cost Center

d)

Cost Driver

7.

Type of cost allocation is identified into two: Direct and Indirect costs. Which one is the indirect cost?

a)

Raw Material

b)

Labor Cost

c)

Other Direct Cost

d)

Depreciation

8.

Below is the driver of ABC method, except?

a)

BOM

b)

Volume

c)

SKF

d)

SMC

9.

Which one is the main cost center?

a)

Quality

b)

Water

c)

Maggi

d)

Technical Office

10.

A method that allocates cost to a product based on a single driver is called?

a)

ABC Method

b)

Traditional Method