1) When the material are still waiting in the stock it will be under

Select one:

a. Merchandising inventory

b. Work in Process inventory

c. Direct material inventory

d. Finished goods inventory

2) The unit cost is

Select one:

a. No. of unit manufactured/ overhead costs

b. None of the above

c. Total manufacturing cost/No. of unit

d. No. of unit/Total manufacturing cost

3) If the cellular phones are ready and sold, so it will included in

Select one:

a. Work in Process inventory

b. Finished goods inventory

c. Nothing of the above mentioned

d. Direct material inventory

4) Product cost other that the cost of product's direct material is

Select one:

a. Cost of production

b. Overhead cost

c. Conversion cost

d. Prime cost

5) The process of identifying, aggregating, and assigning costs to cost objects is

Select one:

a. Prime cost

b. Overhead cost

c. Cost allocation

d. Cost object

6) If the direct cost is 300, the direct labor 500 and indirect cost 220, the total cost is

Select one:

a. 1020

b. 520

c. 800

d. 1200