Classifications of cost

Multiple choice questions (MCQs)

Your answer is incorrect. The correct answer is “direct cost” (option 3).

Your answer is incorrect. The correct answer is “indirect cost” (option 2).

Your answer is incorrect. The correct answer is “cost behavior” (option 1).

Your answer is incorrect. The correct answer is “variable cost” (option 4).

Your answer is incorrect. The correct answer is “fixed cost” (option 2).

Your answer is incorrect. The correct answer is “semi-variable cost” (option 2).

Your answer is incorrect. The correct answer is “” (option ).

Your answer is incorrect. The correct answer is “the cost of shipping finished products to customers” (option 3).

Your answer is incorrect. The correct answer is “direct labor” (option 4).

Your answer is incorrect. The correct answer is “product costs” (option 2).

Your answer is incorrect. The correct answer is “direct materials cost + direct labor cost” (option 2).

Your answer is incorrect. The correct answer is “direct labor cost + manufacturing overhead cost” (option 1).

Your answer is incorrect. The correct answer is “direct materials cost + direct labor cost + manufacturing overhead cost” (option 2).

Your answer is incorrect. The correct answer is “differential cost” (option 3).

Your answer is incorrect. The correct answer is “all of the above” (option 4).

Your answer is incorrect. The correct answer is “the cost incurred to prevent, detect and remove defects from products” (option 4).

Your answer is incorrect. The correct answer is “prevention costs” (option 1).

Your answer is incorrect. The correct answer is “warranty repairs and replacement costs” (option 3).

Your answer is incorrect. The correct answer is “opportunity cost” (option 2).

Your answer is incorrect. The correct answer is “$46,000” (option 3).

Your answer is incorrect. The correct answer is “sunk cost” (option 4).

Your answer is incorrect. The correct answer is “variable costs per unit will remain constant and fixed costs per unit will fluctuate” (option 3).