Cost Accounting

Cost Accounting

10th Grade

5 Qs

quiz-placeholder

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Cost Accounting

Cost Accounting

Assessment

Quiz

Other

10th Grade

Practice Problem

Hard

Created by

Miss Wepener

Used 9+ times

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Direct Labour

The fixed salaries paid to workers that can be directly attributed to specific products or services.

The wages paid to workers that can be directly attributed to specific products or services.

The wages paid to workers that can be indirectly attributed to specific products or services.

Total Salaries and Wages

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Prime Cost

Fixed Labour + Current Materials

Direct Materials + Direct Cost

Direct Materials + Direct Labour + Overheads

Direct Materials + Direct Labour

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Direct Materials

Materials and supplies that are consumed during the manufacture of a product, and which are directly identified.

Materials and supplies that are consumed during the manufacture of a product, and which are indirectly identified 

All materials used in the factory.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Unit cost

Cost of a unit.

Direct material and direct labour per unit.

Total expenditure incurred by a company to produce one unit of a particular product.

Total expenditure incurred by a company to produce, store, and sell one unit of a particular product.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Factory overheads do not include the following:

Depreciation on manufacturing equipment.

Labour of wage workers who manufacture the goods.

Rent of the administrative department.

Salary of the factory manager.