The balance sheet, in which all the costs of the product that must be considered as its assets, is said to be
A. factory overhead costs B. manufacturing overhead costs C. Inventoriable Costs D. finished costs
Accounting MCQs with Answers
The period cost, which consists the income statement of manufacturing companies belong to ____________?
A. inventory costs B. product costs C. non-manufacturing costs D. manufacturing costs
The wages and other benefits, provided to assembly line workers and operators of machine are classified under the _____________?
A. work in process costs B. finished costs C. direct manufacturing labor costs D. indirect manufacturing labor costs
The labor which works as forklift truck, plant guards and the rework labor is classified as ____________?
A. prime overhead B. conversion overhead C. factory overhead D. manufacturing overhead
The costs which are considered as expenses in the accounting period are also known as ____________?
A. inventory costs B. period costs C. timed costs D. labor overheads
All the costs, which are assigned to manufactured products for specific calculations are classified as ___________?
A. contracting costs B. product cost C. government costs D. marketing costs
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
The supplies, plant maintenance, plant rent, plant insurance and cleaning labor come under the type of costs called ____________?
A. labor costs B. factory overhead costs C. finished costs D. manufacturing costs
An overtime is considered in cost accounting as ___________?
A. indirect costs B. overhead costs C. premium costs D. both a and b
The wages paid to workers of the factory are termed as ___________?
A. workers premium B. overtime premium C. factory premium D. wage premium