What are materials costs?

RECAP - Cost by element

Quiz
•
Other
•
University
•
Easy

Hannah Page
Used 6+ times
FREE Resource
9 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The costs of business employees
The costs of purchasing goods to be resold
The costs of purchases of raw materials
The costs incurred by the organisation other than labour and materials
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are labour costs?
The costs of business employees
The costs of purchasing goods to be resold
The costs of purchases of raw materials
The costs incurred by the organisation other than labour and materials
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are overhead costs?
The costs of business employees
The costs of purchasing goods to be resold
The costs of purchases of raw materials
The costs incurred by the organisation other than labour and materials
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which element of cost includes rent, rates, heat and light, cleaning, advertising, etc.?
Materials
Labour
Overheads
None of the above
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the cost of purchasing tea leaves for teabag production classified as?
Materials
Labour
Overheads
None of the above
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the cost of rent for Lord Grey's head office classified as?
Materials
Labour
Overheads
None of the above
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the cost of paper used in teabag production classified as?
Materials
Labour
Overheads
None of the above
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the cost of wages for staff who make teabags classified as?
Materials
Labour
Overheads
None of the above
9.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the cost of hotel reception staff hourly wages classified as?
Materials
Labour
Overheads
None of the above
Similar Resources on Wayground
11 questions
Manufacturing cost

Quiz
•
University
8 questions
Overheads

Quiz
•
University
12 questions
CMA II Quiz

Quiz
•
University
8 questions
Overhead allocation, apportionment and absorption

Quiz
•
University
10 questions
Price Elasticity of Supply

Quiz
•
12th Grade - University
10 questions
C1 : SET 2 - INTRODUCTION TO MACROECONOMICS

Quiz
•
University
9 questions
Exam 1- formula review

Quiz
•
University
10 questions
Quiz Chapter 6

Quiz
•
University
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade