TLE 10- HANDICRAFT (MACRAME)

SUMMATIVE TEST

NAME____________________________________________ DATE__________________ SCORE: __________

I. MATCHING TYPE: Match Column A with the correct answer on Column B. Write only the letter
of the correct answer on the space before each number.

COLUMN A COLUMN B

____1. The process of creating goods and A. ILLUSTRATION

services
____2. The stage of production where raw B. MANUFACTURING OVERHEAD
materials undergo series of steps
____3. Putting up of all parts together to
C. MARKUP
form a final product
____4. The series of processes involved in the
final polishing D. DIRECT LABOR
of a product
____5. The last stage of production wherein E. PROCEDURE
processes are under-
taken to ensure that the operation has been
carried out correctly F. ASSEMBLY
____6. Includes funds for various purposes
____7. Facts are important in making plans, G. INSPECTION
decision, and implementation of production
____8. The tangible and physical resources
H. OBJECTIVE
needed in creating a product
____9. Includes people who plan and create
the product I. HUMAN RESOURCES
____10. Buri, nito, abaca, and varnish are
expenses under J. MATERIAL RESOURCES
____11. Wages for basket weavers and
crafters are expenses under
K. INFORMATIONAL RESOURCES
____12. Expenses that continue even if no
unit is produced
____13. Expenses that varies with volume of L. FINANCIAL RESOURCES
units produced
____14. Rental, machineries, electricity, and M. COST OF PRODUCTION
transportation costs are expenses under
____15. The value placed on goods and
N. FIXED EXPENSES
services based on the cost the product is
made/manufactured
____16. The difference between the cost of O. VARIABLE EXPENSES
production price and
the selling price Q. DIRECT MATERIALS
____17. The final price of a product
presented to the market
____18. This part of the project plan shows R. SELLING PRICE
the design of the project
____19. The goal or the purpose of the S. OPERATION
project is stated in this part
of the project plan
T. FINISHING
____20. The part of the project plan that
states the steps in creating
the product
II. COMPUTATION. Given the following expenses in the table below, compute for the missing
amount.

AMOUNT TOTAL COST

DIRECT MATERIALS
CORD (5 BUNDLES @ 21. 23.
50.00/bundle)

BEADS (50 PCKS @ 25. 22.

00)/pack

DIRECT LABOR
WORKER A (4 HRS @ 150/hr) 24. 26.

WORKER B (4 HRS @ 100/hr) 25.

MANUFACTURING OH
TOOLS 200 27.

TRANSPORTATION 100

TOTAL COST OF PRODUCTION 28.

NO. OF ITEMS PRODUCED 100 pcs

COST PER UNIT 29.

30.
SELLING PRICE @10% Markup