Higher Accounting Manufacturing Accounts Revision
Quiz
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Other
•
11th Grade
•
Easy

Chantelle Scott
Used 6+ times
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14 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are Direct Costs in the production process?
Costs which do not vary with output
Indirect Costs or Fixed Costs not directly related to production
Costs directly attributable to the production process
Wholesale value of current production or output
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are considered Direct Materials?
Wages of workers directly involved in the production process
Resources used in the actual production process
Costs additional to production process
Market value of production
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are Factory Overheads?
Direct Costs attributable to the production process
Indirect Costs or Fixed Costs not directly related to production
Costs which vary with output
Total or final figure in the Manufacturing Account
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the Manufacturing Account calculate?
Direct Costs attributable to the production process
Indirect Costs or Fixed Costs not directly related to production
Manufacturing cost of Output
Selling Price of Goods Manufactured
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the Market Value of Goods Manufactured?
Costs directly attributable to the production process
Indirect Costs or Fixed Costs not directly related to production
Costs which do not vary with output
Wholesale value of current production or output
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does Prime Cost refer to?
The cost of storage or Inventory
The total of all Direct Costs
Indirect costs or fixed costs not directly related to production
Goods returned to the supplier
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is included in Overheads?
Direct materials and direct labour
Indirect costs or fixed costs not directly related to production
Payments made to the inventor or developer of a product
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