Manufacturing Cost Quiz

Froggy Jumps

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Test your grasp of factory costs.

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cikgu aslina

Malasia

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Froggy Jumps Manufacturing Cost QuizVersión en línea Test your grasp of factory costs. por cikgu aslina 1 What are fixed manufacturing costs? a Costs only incurred during setup b Costs that do not vary with production volume c Costs that vary with production volume 2 Which cost changes with output level? a Fixed overhead b Sunk cost c Variable manufacturing cost 3 Which costing method assigns all overhead to products? a Direct costing b Variable costing c Absorption costing 4 What is the cost of goods manufactured (COGM)? a Total cash spent on materials b Total selling expenses c Total cost of products completed and moved to finished goods 5 Which cost is typically a period cost? a Direct materials b Selling, general, and administrative expenses c Direct labor 6 What is standard cost? a Actual cost for the entire batch b Selling price per unit c Budgeted cost for a unit of product 7 Activity-based costing (ABC) assigns overhead based on? a Square footage of plant b Activities that drive costs c Labor hours only 8 What is a sunk cost? a Variable manufacturing cost b Future investment c A cost that cannot be recovered 9 Which cost is excluded in variable costing? a Fixed overhead b Direct labor c Direct materials 10 Which statement best describes overhead? a Only variable costs b Indirect costs not traceable to a single product c Direct costs tied to specific units

Froggy Jumps

Manufacturing Cost QuizVersión en línea

Test your grasp of factory costs.

por cikgu aslina

What are fixed manufacturing costs?

Costs only incurred during setup

Costs that do not vary with production volume

Costs that vary with production volume

Which cost changes with output level?

Fixed overhead

Sunk cost

Variable manufacturing cost

Which costing method assigns all overhead to products?

Direct costing

Variable costing

Absorption costing

What is the cost of goods manufactured (COGM)?

Total cash spent on materials

Total selling expenses

Total cost of products completed and moved to finished goods

Which cost is typically a period cost?

Direct materials

Selling, general, and administrative expenses

Direct labor

What is standard cost?

Actual cost for the entire batch

Selling price per unit

Budgeted cost for a unit of product

Activity-based costing (ABC) assigns overhead based on?

Square footage of plant

Activities that drive costs

Labor hours only

What is a sunk cost?

Variable manufacturing cost

Future investment

A cost that cannot be recovered

Which cost is excluded in variable costing?

Fixed overhead

Direct labor

Direct materials

Which statement best describes overhead?

Only variable costs

Indirect costs not traceable to a single product

Direct costs tied to specific units

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Manufacturing Cost Quiz

Froggy Jumps

Sobre esta actividad

Creada por

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Froggy Jumps

Manufacturing Cost QuizVersión en línea

por cikgu aslina

What are fixed manufacturing costs?

Which cost changes with output level?

Which costing method assigns all overhead to products?

What is the cost of goods manufactured (COGM)?

Which cost is typically a period cost?

What is standard cost?

Activity-based costing (ABC) assigns overhead based on?

What is a sunk cost?

Which cost is excluded in variable costing?

Which statement best describes overhead?

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