 Question 1

0.5 out of 0.5 points

Conversion cost is equal to

 Question 2
0.5 out of 0.5 points
Prime cost is inclusive of the following:

 Question 3
0.5 out of 0.5 points
Which expense is included in prme cost of manufacturing?

 Question 4
0.5 out of 0.5 points
Merchandise inventory would normally include:

 Question 5
0.5 out of 0.5 points
A mixed cost is:

 Question 6
0.5 out of 0.5 points
Manufacturing overhead costs are also referred to as:

 Question 7
0.5 out of 0.5 points
Material returned back to store from production and general supplies was
correctly recorded as:

 Question 8
0.5 out of 0.5 points
"For a computer manufacturer, period costs include the cost of:"

 Question 9
0.5 out of 0.5 points
Work-in-process inventory would normally include:

 Question 10
0.5 out of 0.5 points
Merchandise inventory would normally include:

 Question 11
 0 out of 0.5 points
Which one of the following items is a direct cost?

 Question 12
0.5 out of 0.5 points
Cost behavior refers to:

 Question 13
0.5 out of 0.5 points
Manufacturing overhead costs in an automobile manufacturing plant MOST likely
include:

 Question 14
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Which cost will fall as production is reduced?

 Question 15
0.5 out of 0.5 points
Variable costs:

 Question 16
0.5 out of 0.5 points
Costs that are initially recorded as assets and expensed when sold are called:

 Question 17
0.5 out of 0.5 points
Which of the following is NOT a period cost?

 Question 18
0.5 out of 0.5 points
Product cost for financial statement purposes may include:

 Question 19
0.5 out of 0.5 points
What is the definition of prime cost?

 Question 20
0.5 out of 0.5 points
Material returned back to store from production and general supplies was
correctly recorded as:

 Question 21
0.5 out of 0.5 points
Which cost will decrease as production is increased?
 Question 22
0.5 out of 0.5 points
Which of the following is correct for total cost of product ?

 Question 23
0.5 out of 0.5 points
Cost of goods produced is equal to;

 Question 24
0.5 out of 0.5 points
Variable cost per unit

 Question 25
0.5 out of 0.5 points
The MOST likely cost driver of distribution costs is the

 Question 26
0.5 out of 0.5 points
A unit cost is computed by:

 Question 27
0.5 out of 0.5 points
Prime costs include:

 Question 28
0.5 out of 0.5 points
An understatement if work-in-process inventory at the end of a period will

 Question 29
0.5 out of 0.5 points
Period costs:

 Question 30
0.5 out of 0.5 points
"In making product mix and pricing decisions, managers should focus on:"