What are materials costs?

RECAP - Cost by element

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University
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9 questions
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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
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