Multiple Choice
The three basic elements of the cost of a manufactured product are:
A) indirect materials, indirect labour, and manufacturing overhead
B) merchandise inventory, work in process, and finished goods inventory
C) direct materials, work in process, and finished goods inventory
D) direct materials, direct labour, and manufacturing overhead
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
Q4: Which of the following are basic inventories
Q5: Which of the following is not true?<br>A)managerial
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