Free Exam: Week 2: Manufacturing Statements and Cost Flows
Number of Questions in Test: 16
Number of Questions in Preview: 5
Register to view all questions.
Note: Answers are not shown below but will be copied with this test.
Copy this test to my quiz maker account
Register with ClassMarker to copy free tests to give to your Test takers.
Register nowQuestion 1
Purchases of raw materials, freight inwards for raw materials and wages paid to production workers are all examples of [u]factory expenses[/u]. State true or false.
| Type: | True/False |
| Points: | 1 |
Question 2
State true or false: Wages paid to production supervisors, depreciation on a drill press, power to operate a lathe in a factory are [u]non-factory expenses[/u].
| Type: | True/False |
| Points: | 1 |
Question 3
State true or false: Salary paid to sales staff, lease payments on photocopier in the administration office, charges for bad debts are all [u]non-factory expenses[/u].
| Type: | True/False |
| Points: | 1 |
Question 4
Which of the following best describes the correct sequence of flow of costs for a manufacturing firm?
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | No |
Question 5
You are the accountant for Zedd Pty Ltd, and you need to record the issue of
$500 of materials issued to production from the materials store; the entry you
are required to enter is:
$500 of materials issued to production from the materials store; the entry you
are required to enter is:
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | No |