Multiple Choice
Which of the following are basic inventories for a manufacturer?
A) indirect materials, goods in process, and raw materials
B) finished goods, raw materials, and direct materials
C) raw materials, goods in process, and finished goods
D) raw materials, factory overhead, and direct labour
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The weighted average method of stock valuation
Q2: Which of the following best describes a
Q3: Indirect costs are also known as<br>A)direct cost<br>B)overhead
Q5: Which of the following is not true?<br>A)managerial
Q6: The three basic elements of the cost
Q7: A 'product' cost is a cost that
Q8: Direct costs are also known as:<br>A)indirect cost<br>B)overhead
Q9: A 'direct' cost is a cost that
Q10: Direct labour costs will include……………<br>A)all labor costs
Q11: Which of the following is a period