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- Which of the following is a prime cost? A. indirect materials B. direct labor C. administrative expenses D. factory depreciation expensesWhich of the following is a prime cost? A. direct labor B. work in process inventory C. administrative labor D. factory maintenance expensesWhich of the following is not considered a product cost? a.direct labor b.direct materials c.selling expense d.indirect materials
- 41) The cost of interest, insurance, taxes, depreciation, breakage, warehousing, opportunity costs etc. is known as ___________. a. Costs of materials b. Costs of disposing materials c. Costs of ordering materials d. Costs of carrying inventoryTransport charges paid on purchase of machinery is classified as? a. Factory overheads Ob. Non cost item Oc. Office overheads Od. Direct expenseCarriage inward on purchase of raw material is classified as? a. Selling overheads b. Direct expense C Factory overheads. Od. Direct material
- The following may be included in the cost of inventories, except: a. Selling costs b. Wasted materials, labor and other production costs c. Storage costs d. Administrative overheadsWhich of the following is not a product cost? Oa. Indirect labour O b. Insurance on the plant OC. Advertising expense O d. Raw material usedWhich of the following costs of conversion cannot be included in cost of inventory? A. Factory overheadB. Salaries of sales staffC. Cost of direct laborD. Factory rent and utilities
- Which of the following costs is NOT capitalized as inventory? a. Rent on Head Office building b. Costs of delivering finished goods c. Manufacturing overhead cost d. Factory amortizationWhich of the following would not be considered a component of the "cost" of Goods Sold?a. Salesforce Salariesb. Transportation for purchasec. Import duties or raw materiald. Factory electricity expenseManufacturing costs would not include a. Sales salaries expense b. Indirect materials used c. Indirect labor costs d. Depreciation n factory equipment