Key Concepts (Grade 12 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
Which department is described as the heart of manufacturing?
Which department is described as the heart of manufacturing?
Factory department
What is the primary role of the administration department?
What is the primary role of the administration department?
Strategic planning and management
What distinguishes direct costs from indirect costs?
What distinguishes direct costs from indirect costs?
Direct costs can be traced to products
What is work-in-process stock?
What is work-in-process stock?
Products being manufactured
How do fixed costs behave as production volume increases?
How do fixed costs behave as production volume increases?
Fixed cost per unit decreases
How do variable costs change with production volume?
How do variable costs change with production volume?
Total variable costs increase
What defines direct labour cost?
What defines direct labour cost?
Wages for physically making products
Which is an example of factory overhead costs?
Which is an example of factory overhead costs?
Factory foreman salary
What is the correct material flow sequence?
What is the correct material flow sequence?
Storeroom, factory, showroom
Which cost belongs to selling and distribution?
Which cost belongs to selling and distribution?
Advertising expenses