管理会计：Cost classification unit Test and Answer.docx

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1、1 A company employs four supervisors to oversee the fracturing production of all its products. The salaries paid to these supervisors are:A. An administration overheadB.A direct production expenseC.A direct labour costD.A production overhead正确答案：D角星析：The supervisors are engaged in the production act

2、ivity, the salaries are indirect production overhead costs.2、A firm has to pay a 20c per unit royalty to the inventor of a device which it manufactures and sells.How would the royalty charge be classified in the firms accounts?A.Production overheadB.Direct expenseC.Administrative overheadD.Selling e

3、xpense正确答案：B角军析： The royalty cost can be traced in full to the product, ie it has been incurred as a direct consequence of making the product. It is therefore a direct expense.3、 Which of the following would be classed as indirect labour?A.A stores assistant in a factory storeB. Assembly workers in

4、a company manufacturing televisionsC.A consultant in a firm of management consultantsD. Plasterers in a construction company正确答案：A解析： The wages paid to the stores assistant cannot be traced in full to a product or service, therefore this is an indirect labour cost.4、 A company makes chairs and table

5、s. Which of the following items would be treated as an indirect cost?A. Metal used for the legs of a chairThe salary of the sales director of the companyB. Wood used to make a chairFabric to cover the seat of a chair正确答案：B解析：The salary of the sales director is a selling overhead. 5、Which of the foll

6、owing best describes a period cost?A. A cost that is incurred regularly every period, eg every month or quarter.B. A cost that can be easily allocated to a particular period, without the need for arbitrary apportionment between periods.C.A cost that relates to a time period which is deducted as expe

7、nses for the period and is not included in the inventory valuation.D. A cost that is identified with a unit produced during the period, and is included in the value of inventory. The cost is treated as an expense for the period when the inventory is actually sold.正确答案：c角星析： A period cost is charged

8、against the sales for the period.It is not carried forward in inventory to a future period.6、A company manufactures and sells toys and incurs the following three costs:(i) Rental of the finished goods warehouse(ii) Depreciation of its own fleet of delivery vehicles(iii) Commission paid to sales staf

9、fWhich of these are classified as distribution costs?A. (ii) and (iii) only(i), (ii) and (iii)B. (i) and (ii) only(i) and (iii) only正确答案：C解析： Remember you are only looking for costs that are directly related to getting the finished goods from the production line to your customers. Before they can be

10、 distributed, finished goods may have to be temporarily stored in a warehouse therefore the rental of the warehouse will be regarded as a distribution cost. In addition, you will need delivery vehicles for distribution purposes - any costs related to these vehicles will be classed as distribution co

11、sts. Hence both (i) and (ii) are distribution costs. Commission paid to sales staff is a selling cost.7、 Which of the following statements best describes direct costs?A.Costs passed directly to customersB.Costs to be paid within the current accounting periodC.Costs under the direct control of a mana

12、gerD.Costs directly identified with a product or service正确答案：D解析： A direct cost is a cost that can be traced in full to the product, service, or department that is being costed.8、 Which of the following costs would NOT be classified as a production overhead cost in a company that produces bottled mi

13、neral water?A. The cost of the bottlesDepreciation of the bottling plantC.The factory rentD.The factory manager s salary正确答案：A解析： The cost of the bottles is a direct material cost.9、 Which one of the following would be classified as indirect labour?A. Bricklayers in a house building companyB.Tutors

14、in a private education businessC. Assembly workers on a car production lineD.Forklift truck drivers in the stores of an engineering company正确答案：D解析：The drivers are not working directly on engineering projects.10、 Which of the following best describes direct costs?A.costs which can be identified with

15、 a cost centre but not identified to a single cost unitB.costs incurred as a direct result of a particular decision C. costs which can be identified with a single cost unit, but it is not economic to do soD. costs which can be economically identified with a single costunit正确答案：D角军析： Direct costs are those attributable to a cost unit, whichcan be economically identified with the unit.