Exam Name MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) The nursing station on the fourth floor of Central Hospital is responsible for the care of1) orthopedic surgery patients. The costs of prescription drugs administered by the nursing station to patients should be classified as: A) direct patient costs. C) period costs of the hospital B) indirect patient costs. D) overhead costs of the nursing station. 2) All of the following costs would be found in a company's accounting records except: 2) A) indirect costs. C) sunk cost. B) opportunity cost. D) direct costs. 3y In a manufacturing company, direct labor costs combined with direct materials costs are >) known as: A) conversion costs. C) prime costs. B) opportunity costs. D) period costs 4) Indirect labor is a(n): A) Conversion cost. C) Prime cost B) Opportunity cost. D) Period cost. 5) All of the following would be classified as product costs except: A) property taxes on production equipment. B) wages of machine operators. C) insurance on factory machinery D) salaries of the marketing staff. 6) The cost of direct materials cost is classified as a: Period cost Product cost A) B) C) Yes D) Yes No No No No B) Option C )Option A D) Option B A) Option D 7) Inventoriable costs are also known as: A) product costs. C) conversion costs B) fixed costs. D) variable costs