The costs of goods acquired from suppliers are classified as ___________?

Related Mcqs:

1. The costs associated with storage of finished goods such as spoilage, obsolescence and insurance of goods are classified as ___________?

   A. carrying costs B. purchasing costs C. stock-out costs D. ordering costs...

2. The production of goods or services that can be bought from outside suppliers is classified as ___________?

   A. idle sourcing B. sunk sourcing C. outsourcing D. in-sourcing...

3. The customer sustaining costs, customer batch-level costs and customer output-unit level costs are classified as _________?

   A. customer level indirect costs B. customer level direct costs C. corporate level direct costs D. corporate level indirect costs...

4. The customer sustaining costs, customer batch-level costs and customer output-unit level costs are classified as _________?

   A. customer level indirect costs B. customer level direct costs C. corporate level direct costs D. corporate level indirect costs...

5. Buying of goods or services from suppliers or vendors of some other country instead of local supplier is classified as _________?

   A. outsourcing B. insourcing C. idle sourcing D. sunk sourcing...

6. In an income statement, when costs become cost of sold goods and manufactured products are sold, such costs are

   A. inventoriable costs B. finished costs C. factory overhead costs D. manufacturing overhead costs...

7. An indirect setup labor costs, costs of setup and equipment maintenance and costs of indirect material can be categorized as ______________?

   A. variable batch costs B. fixed batch costs C. variable setup costs D. fixed setup costs...

8. The costs that are incurred to prevent low quality goods production are classified as ___________?

   A. costs of quality B. costs of learning C. costs of reengineering D. costs of spoilage inventory...

9. The sum of cost of direct materials, costs of buildings, equipment, research and development costs is classified as ___________?

   A. throughput costs B. investments C. operating costs D. marginal costs...

10. The corporate sustaining costs and distribution channel costs are also classified as ___________?

    A. indirect costs B. variable costs C. fixed costs D. direct costs...