WorksheetsManufacturing Cost
Total questions: 8
Worksheet time: 9mins
Capital costs are _.
One time large expenses
Periodic costs over time
unchanged costs regardless of production
costs based on production rate
Variable costs are _.
One time large expenses
Periodic costs over time
unchanged costs regardless of production
costs based on production rate
Operating cost costs are _.
One time large expenses
Periodic costs over time
unchanged costs regardless of production
costs based on production rate
fixed costs are _.
One time large expenses
Periodic costs over time
unchanged costs regardless of production
costs based on production rate
Please sort the following items as their respective costs type
Large Machine
Land
Building
Robots
Rent
insurance
Salary employee
utilities
Labor
Material
maintenance
Shipping
A (a) will increase the value of raw material as it's produced into a product while (b) will not directly increase the value of the material, no matter its importance.
Typically, as (a) increases the cost of production (b)
What is included in product costs?
Product costs include: Direct Labor, Factory Supervision, Indirect Materials, Depreciation of production equipment, Insurance of factory, direct materials
Product costs include the expenses incurred in the administration process such as office rent, salaries of the management team, and office supplies
Product costs include the expenses incurred in the financing process such as interest on loans, dividends, and stock issuances
Product costs include the expenses incurred in the selling process such as advertising, sales commissions, and shipping costs
