Pre_test

Pre_test

University

10 Qs

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Pre_test

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Assessment

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Education

University

Practice Problem

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KINGKANOK RATTANAMANEE

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

For which kind of firm is process costing appropriate?

Bricklaying firms

Transport firms

Hospitals

Oil refining firms

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The cost of printer paper on a college campus would be a direct cost to the college but would need to be allocated as an indirect cost to

Departments

Buildings

Schools

Individual student instruction

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of company converts raw materials into finished products?

Not-for-profit

Service

Merchandising

Manufacturing

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following are manufacturing costs?

Overhead and marketing costs

Direct raw material costs and direct labor costs

Administrative and direct labor costs

Marketing and administrative costs

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When costs can be traced to a particular cost object in an economically feasible way, the cost is a:

Direct cost

Indirect cost

Allocated cost

Budgeted cost

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a fixed cost with respect to units produced in a factory?

Monthly rent payment for the building

Electricity expenses

Utilities cost of the building

Direct material costs

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which one of the following is a variable cost for an insurance company?

Rent of the building

CEO’s salary

Electricity expenses

Property taxes

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