Quiz

Cost & Management Accounting

Pavan G 3 questions

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Questions in this quiz (3)

1[blank_start]Cost Objects[blank_end] are the lowest level where costs are accumulated
1. ACost Objects
2Prime Cost Consists of
1. ADirect Materials
2. BDirect Labour
3. CDirect Expenses
4. DFactory Overhead
5. EManufacturing Cost
3Which of the following about conversion Cost is true?
1. AConversion cost consists of direct labour and factory overhead
2. BConversion Cost is also called Value-added cost.
3. CIt provides the information about how much the unit is spending to convert the materials or componenets into end product
4. DIf conversion cost is high, there is a scope to earn more profit
5. EIf conversion cost is low, there is a scope to earn more profit
6. Fcost relates to unit manufactured during the year