Q. An acquisition cost of raw material is to be used in the manufacturing, and becoming a component of cost object is classified as

View solution

Q. The wages and other benefits, provided to assembly line workers and operators of machine are classified under the

View solution

Q. The conversion cost is subtracted from manufacturing overhead cost is to calculate the

View solution

Q. The labor which works as forklift truck, plant guards and the rework labor is classified as

View solution

Q. The inventory of the final goods that are not yet sold is called

View solution

Q. The costs which are considered as expenses in the accounting period are also known as

View solution

Q. The health care premium for workers and the pension costs are included in

View solution

Q. All the costs, which are assigned to manufactured products for specific calculations are classified as

View solution

Q. If the direct material cost is $5500 and the prime cost is $25000, then the direct manufacturing labor would be

View solution

Q. The direct manufacturing labor costs is $40000 and manufacturing overhead cost is $7000, then conversion cost would be

View solution

Q. If the direct material cost is $85000 and direct manufacturing labor is $25000, then prime cost would be

View solution

Q. In costing of project, the wages paid to workers for the unproductive work at the time of material shortage is termed as

View solution

Q. The conversion cost is subtracted from direct manufacturing labor cost to calculate the

View solution

Q. An inward delivery charges and custom duties are classified as

View solution

Q. The supplies, plant maintenance, plant rent, plant insurance and cleaning labor come under the type of costs called

View solution

Q. If the conversion cost is $25000 and direct manufacturing labor cost is $17000, then the manufacturing overhead cost would be

View solution

Q. For the companies in service sector, the cost which is not considerable is

View solution

Q. An overtime is considered in cost accounting as

View solution

Q. In the income statement of merchandising costs, the period cost includes all costs which are not related to

View solution

Q. The wages paid to workers of the factory are termed as

View solution