The journey to being a certified accountant is now nearing its end and we have just finished the final chapter. The quiz below is designed to test your knowledge so far and gauge your preparedness for the final exam. Remember that you can’t fail if you revise hard enough. Give it a try!
$0
$1,270
$1,560
$2,500
Materials
Labor
Finished goods inventory
Cost of goods sold
Direct materials
Direct labor
Manufacturing overhead
Selling and administrative expense
$400
$350
$300
$250
A) The production supervisor’s salary
B) The cost of miscellaneous factory supplies
C) The cost of a wood tabletop
D) Depreciation of manufacturing equipment
$20,000
$12,000
$7,500
$14,000
A) $4,000
B) $5,000
C) $2,500
D) $16,000
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