Cost Classification by nature Quiz

Cost Classification by nature Quiz

University

8 Qs

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Cost Classification by nature Quiz

Cost Classification by nature Quiz

Assessment

Quiz

Other

University

Hard

Created by

Hannah Page

Used 2+ times

FREE Resource

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following costs can be directly traced to individual units of production?

Rent of the factory

Wages of supervisors

Metal used in production

Telephone charges

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are indirect costs also known as?

Direct costs

Overheads

Expenses

Labour costs

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following costs cannot be linked to individual units of production?

Direct materials

Direct labour

Direct expenses

Rent for the factory

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term used to refer to the total direct cost?

Prime cost

Indirect cost

Overhead cost

Production cost

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following costs fall outside the range of this exam?

Direct materials

Direct labour

Royalties paid for each unit produced

Rent for the factory

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the context of cost classification, what does the term 'overhead' refer to?

Direct costs

Indirect costs

Expenses

Labour costs

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of costs are the wages of supervisors in Dorf's factory?

Direct costs

Indirect costs

Direct materials

Direct labour

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of costs are the food purchases for the hotel restaurant?

Direct costs

Indirect costs

Direct materials

Direct labour