 Question 1

0 out of 0.5 points

Which of the following cost will not change with the change in activity level?

 Question 2
0.5 out of 0.5 points
Cost allocation is:

 Question 3
0.5 out of 0.5 points
Conversion cost is inclusive of the following:

 Question 4
0 out of 0.5 points
"Brenda Hicks is paid $10 an hour for straight-time and $15 an hour for overtime.
One week she worked 42 hours, which included 2 hours of overtime.
Compensation would be reported as:"

 Question 5
0.5 out of 0.5 points
Fixed cost per unit

 Question 6
0.5 out of 0.5 points
"For a computer manufacturer, period costs include the cost of:"

 Question 7
0.5 out of 0.5 points
Conversion cost is equal to

 Question 8
0.5 out of 0.5 points
Total manufacturing costs equal:

 Question 9
0.5 out of 0.5 points
Under-applied Factory Overhead shall be

 Question 10
0.5 out of 0.5 points
A unit cost is computed by:

 Question 11
0.5 out of 0.5 points
Merchandise inventory would normally include:

 Question 12
0.5 out of 0.5 points
Merchandising companies normally report:
 Question 13
0 out of 0.5 points
State which of the following is the correct example of Indirect Labour:

 Question 14
0.5 out of 0.5 points
An understanding of the underlying behavior of costs helps in all of the following
EXCEPT:

 Question 15
0.5 out of 0.5 points
For external reporting:

 Question 16
0.5 out of 0.5 points
Inventoriable costs:

 Question 17
0.5 out of 0.5 points
"In making product mix and pricing decisions, managers should focus on:"

 Question 18
0.5 out of 0.5 points
The MOST likely cost driver of direct material costs is the:

 Question 19
0.5 out of 0.5 points
The income statement of a service-sector firm reports:

 Question 20
0.5 out of 0.5 points
Which of the following is a mixed cost?

 Question 21
0.5 out of 0.5 points
Direct materials inventory would normally include:

 Question 22
0.5 out of 0.5 points
Which of the following is product cost ?

 Question 23
0.5 out of 0.5 points
The MOST likely cost driver of distribution costs is the

 Question 24
0.5 out of 0.5 points
"Within the relevant range, if there is a change in the level of the cost driver,
 then:"

 Question 25
0.5 out of 0.5 points
Manufacturing overhead costs are also referred to as:

 Question 26
0 out of 0.5 points
Which of the following statements about the direct/indirect cost classification is
NOT true?

 Question 27
0.5 out of 0.5 points
Which of the following is NOT a period cost?

 Question 28
0.5 out of 0.5 points
The variable costing method is also known as the

 Question 29
0.5 out of 0.5 points
When making decisions:

 Question 30
0.5 out of 0.5 points
Costs that are initially recorded as assets and expensed when sold are called: