A. inventory costs
B. period costs
C. timed costs
D. labor overheads
Related Mcqs:
- In process costing method, when the work done in current accounting period, and beginning inventory before current accounting period, is classified as _________?
A. partial inventory costing method
B. current period inventory method
C. Last-in, first-out method
D. First-in, first-out method - An accounting which records and measures the business transactions and is followed by generally accepted accounting principles is classified as ____________?
A. external accounting
B. internal accounting
C. business accounting
D. financial accounting - 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 - 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 - 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 - In super variable costing, all costs other than direct material costs are recorded in the period ________?
A. of incurring
B. of sale
C. of manufacturing
D. of indirect recording - In a normal accounting period, an allocated amount of indirect cost is $700 and an actual amount is $800, then this can be classified as ____________?
A. under allocated indirect cost
B. over allocated direct cost
C. over allocated budget
D. under allocated budget - The costs which are related to different functions of the value chain of company, such as marketing and manufacturing costs are considered as __________?
A. value costs
B. future function costs
C. business function costs
D. sunk function costs - The process of tracing the direct costs and allocation of indirect costs is known as __________?
A. cost assignment
B. direct assignment
C. indirect assignment
D. economic assignment - The costs that are not incorporated in accounting records, but are recognized in different situations are classified as ___________?
A. congruent costs
B. imputed costs
C. operating costs
D. transfer costs
