Cost Terminology Quiz 1 (8 MCQs)

Quiz Instructions:

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1. Which of the following is NOT part of the production costs?

2. Which of the following is NOT a manufacturing overhead?

3. Which heading a "production royalties" will be recorded in a cost statement?

4. An example of indirect material in making nasi lemak is _____

5. Which of the following is fixed costs?

6. Which heading a "Factory Rental Cost" will be recorded in a cost statement?

7. A cleaner who work in a factory, may best be classified as _____

8. Direct materials + Direct labour + Direct expenses = _____ ?