Practice Cost Concept Multiple Choice Questions with Answers Quiz-2

Q.1.

Beban Sewa gedung Pabrik adalah

Direct Material (DM)
Direct Labor (DL)
Factory Overhead (FOH)
Selling Expense
Administrative Expense

Q.2.

Beban Sewa gedung toko adalah

Direct Material (DM)
Direct Labor (DL)
Factory Overhead (FOH)
Selling Expense
Administrative Expense

Q.3.

Depresiasi untuk bangunan kantor administrasi adalah

Direct Material (DM)
Direct Labor (DL)
Factory Overhead (FOH)
Selling Expense
Administrative Expense

Q.4.

Biaya pengangkutan saat pembelian Material adalah

Direct Material (DM)
Direct Labor (DL)
Factory Overhead (FOH)
Selling Expense
Administrative Expense

Q.5.

Komisi untuk karyawan bagian penjualan adalah

Direct Material (DM)
Direct Labor (DL)
Factory Overhead (FOH)
Selling Expense
Administrative Expense

Q.6.

Gaji karyawan bagian Perakitan adalah

Direct Material (DM)
Direct Labor (DL)
Factory Overhead (FOH)
Selling Expense
Administrative Expense

Q.7.

Beban Gaji untuk Manager Keuangan adalah

Direct Material (DM)
Direct Labor (DL)
Factory Overhead (FOH)
Selling Expense
Administrative Expense

Q.8.

Berikut ini adalah klasifikasi biaya berdasarkan Perilaku

Fixed Cost dan Variable Cost
Direct Cost dan Indirect Cost
Product Cost dan Period Cost
Sunk Cost dan Opportunity Cost

Q.9.

Berikut ini adalah klasifikasi biaya berdasarkan Fungsi

Fixed Cost dan Variable Cost
Direct Cost dan Indirect Cost
Product Cost dan Period Cost
Sunk Cost dan Opportunity Cost

Q.10.

Which of the following statements about direct and indirect cost classification is not true?

Indirect costs are always traceable
The direct and indirect classification depends on the choice of the cost object
Indirect costs are always allocated
The design of operations affects the direct and indirect classification

Q.11.

Prime costs are made up of ..-

Raw materials costs + direct labour costs
Direct labour costs + Indirect labour costs
Factory overheads + administrative costs
Selling and distribution costs + administrative costs

Q.12.

Which of the following are period costs?

Raw materials
Direct materials and direct labor
Direct labor and manufacturing overhead
Selling expenses

Q.13.

The cost of goods manufactured is calculated as follows:(WIP = work in process)

Beginning WIP + direct materials used + direct labor + manufacturing overhead + ending WIP.
Direct materials used + direct labor + manufacturing overhead – beginning WIP + ending WIP.
Beginning WIP + direct materials used + direct labor + manufacturing overhead – ending WIP.
Direct materials used + direct labor + manufacturing overhead – ending WIP – beginning WIP.

Q.14.

Cost of goods sold..

only appears on merchandising companies' Statements of Comprehensive Income
only appears on manufacturing companies' Statements of Comprehensive Income
appears on both manufacturing and merchandising companies' Statements of Comprehensive Income
is calculated exactly the same for merchandising and manufacturing companies.

Q.15.

Which one of the following represents a period cost?

The VP of Sales' salary and benefits
Overhead allocated to the manufacturing operations
Labour costs associated with quality control
Fringe benefits associated with factory workers

Q.16.

Which of the following are manufacturing costs?

Overhead and marketing costs
Direct raw material costs and direct labour costs
Administrative and direct labour costs
Marketing and administrative costs

Q.17.

The costs that are reported as expenses in the Statement of Comprehensive Income when they are incurred.

Product costs
Operating expenses
Period costs
Manufacturing costs

Q.18.

When classified according to traceability to cost object, the cost of raw materials is considered a:

Discretionary cost
Direct cost
Product cost
Committed cost

Q.19.

Fixed costs ..-

Increase in total with the increase in production
Decrease per unit with the increase in production
Increase per unit with the increase in production
Decrease in total with the decrease in production

Q.20.

We talked about finding the best deal. If you have two of the exact same products do people typically want to pay MORE or LESS for that same product?

More
Less

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