Accounting MCQs

1590 MCQs  (Page 157 of 159)

The terms used in manufacturing cost systems are ____________?
A. Manufacturing costs
B. Prime costs
C. Conversion costs
D. Both b and c
The labor related to the manufacturing of the product can be classified under _____________?
A. Direct manufacturing labor costs
B. Indirect manufacturing labor costs
C. Work in process cost
D. Finished costs
In cost terms, the direct manufacturing labor cost is included in ___________?
A. Manufacturing costs
B. Prime costs
C. Conversion costs
D. Both b and c
The wages paid to workers of the factory are termed as ___________?
A. Workers premium
B. Overtime premium
C. Factory premium
D. Wage premium
An overtime is considered in cost accounting as ___________?
A. Indirect costs
B. Overhead costs
C. Premium costs
D. Both a and b
The conversion cost is subtracted from direct manufacturing labor cost to calculate the ____________?
A. Direct overheads
B. Overhead costs
C. Factory overhead
D. Manufacturing overhead cost