Costs of Production (Grade 11 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 are the two main categories of manufacturing costs?
What are the two main categories of manufacturing costs?
Direct costs and factory overheads
Prime costs consist of which two components?
Prime costs consist of which two components?
Direct materials and direct labour
Which characteristic defines direct materials?
Which characteristic defines direct materials?
Clearly visible in the final product
Direct labour costs must include which employer contributions?
Direct labour costs must include which employer contributions?
UIF, pension fund, and medical aid
Which cost is classified as a factory overhead?
Which cost is classified as a factory overhead?
Factory supervisor's salary
Who provides indirect labour in a factory?
Who provides indirect labour in a factory?
Factory manager and security guards
How do variable costs behave as production increases?
How do variable costs behave as production increases?
They increase proportionally
What characterises fixed costs?
What characterises fixed costs?
Remain constant regardless of production
Which expense is an administrative cost?
Which expense is an administrative cost?
Office stationery and supplies
Bad debts are classified as which type of cost?
Bad debts are classified as which type of cost?
Selling and distribution costs