Product costs include which of the following?

Related Mcqs:

1. Period costs include which of the following?

   A. Selling expense
   B. Raw material
   C. Direct labor
   D. Manufacturing overhead

2. Which of the following costs are reported on the income statement as the cost of goods sold?

   A. Product cost
   B. Period cost
   C. Both product cost and period cost
   D. Neither product cost nor period cost

3. Which of the following set of ratios is used to assess a business’s ability to generate earnings as compared to its expenses and other relevant costs incurred during a specific period of time?

   A. Liquidity Ratios
   B. Leverage Ratios
   C. Profitability Ratios
   D. Market Value Ratios

   Updated by: Anwar Ishfaq

4. Stakeholders include:

   A. Stakeholders
   B. Creditors and customs
   C. Employees and suppliers
   D. All of Them

5. The techniques which are used to identify financial statements trends include __________?

   A. common size analysis
   B. percent change analysis
   C. returning ratios analysis
   D. Both A and B

6. Cash outflows are costs of project and are represented by___________?

   A. Negative numbers
   B. Positive numbers
   C. Hurdle number
   D. Relative number

7. A modified internal rate of return is considered as present value of costs and is equal to ________?

   A. p.v of hurdle rate
   B. fv of hurdle rate
   C. p.v of terminal value
   D. fv of terminal value

8. The cash outflows are the costs of project and are represented by _________?

   A. negative numbers
   B. positive numbers
   C. hurdle number
   D. relative number

9. Which of the following statement is CORRECT regarding compound interest?

   A. It is the most basic form of calculating interest.
   B. It earns profit not only on principal but also on interest.
   C. It is calculated by multiplying principal by rate multiplied by time.
   D. It does not take into account the accumulated interest for calculation.

10. Which of the following refers to the difference between the sale price and cost of inventory?

    A. Net loss
    B. Net worth
    C. Markup
    D. Markdown