Cost Accounting (Grade 10 NSC Matric Accounting): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What defines a manufacturing enterprise?
What defines a manufacturing enterprise?
Transforms raw materials into products
Which cost remains the same regardless of production volume?
Which cost remains the same regardless of production volume?
Factory rent
What happens to variable costs as production increases?
What happens to variable costs as production increases?
They increase proportionally
What formula calculates primary costs?
What formula calculates primary costs?
Direct material + Direct labour
How would you classify a factory supervisor's salary?
How would you classify a factory supervisor's salary?
Indirect labour
What is the key test for identifying direct materials?
What is the key test for identifying direct materials?
Can I see it in the finished product?
What formula gives total manufacturing costs?
What formula gives total manufacturing costs?
Primary costs + Overheads
What are units at 50% completion called?
What are units at 50% completion called?
Work-in-progress
Which cost is an example of overhead?
Which cost is an example of overhead?
Factory maintenance
What happens to fixed costs per unit as production increases?
What happens to fixed costs per unit as production increases?
They decrease