Multiple Choice
The cost of Direct Materials in a manufacturing account refers to:
A) The direct materials that were purchased for the production in the period
B) The direct materials that were used for production in the period
C) The direct materials that were issued from stores during the period
D) All the materials used in production - including items such as oil or spare parts for machines
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Which of the following statements about management
Q2: Using "planned" costs as a basis for
Q3: The cost per unit for making 100
Q5: Companies are not legally required to produce
Q6: The term "prime costs" refers to the
Q7: Operating expenses are period costs,which means they
Q8: A manufacturing account shows the opening inventory
Q9: When standard costing is used in conjunction
Q10: Production expenses which become part of the
Q11: Absorption costing is closely linked to financial