Cost Classification

10 Questions | Total Attempts: 25

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Company Quizzes & Trivia

Questions and Answers
  • 1. 
     A term used to describe a cost that jointly belongs to more than one cost object
  • 2. 
    In a service business, the indirect service cost; in a manufacturing company, another name for manufacturing overhead cost
  • 3. 
    The cost of the various products a company sells
  • 4. 
    All costs incurred by a company that are not product costs or selling costs
  • 5. 
    Another name for product cost
  • 6. 
    A term used to describe a cost that can be easily traced to an individual cost object
  • 7. 
    The cost of all production labor that can be directly traced to a unit of manufactured product
  • 8. 
    The labor incurred in support of multiple cost objects
  • 9. 
    The cost of all raw materials that can be directly traced to a unit of manufactured product
  • 10. 
    The cost of locating customers and marketing to them, and the cost of necessary paperwork to document and record sales