Cost Classifications – NBC Institute

MI – May 2021 – L1 – SA – Q1 – Cost Classifications

Identify the difference between prime cost and production cost.

Question

Which of the following best describes Prime Cost and Production Cost?

A. Prime cost is the same as production cost
B. Prime cost plus manufacturing indirect cost is production cost
C. Prime cost minus manufacturing overhead is production cost
D. Prime cost plus all direct costs is production cost
E. Prime cost plus fixed costs is production cost

Answer

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Tags: Cost Classifications, Prime Cost, Production Cost
Level: Level 1

Topic: Cost Classifications
Series: MAY 2021

MI – May 2024 – L1 – SA – Cost Classifications

Identifies the classification of production costs from other costs.

Question

Which of the following is classified as a production cost?

A. Other factory costs
B. Selling costs
C. Distribution costs
D. Administration costs
E. Finance costs

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cost Classifications, Factory Costs, Financial management, Production Costs
Level: Level 1

Topic: Cost Classifications
Series: MAY 2024

MI – May 2021 – L1 – SA – Q1 – Cost Classifications

Identify the difference between prime cost and production cost.

Question

Which of the following best describes Prime Cost and Production Cost?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cost Classifications, Prime Cost, Production Cost
Level: Level 1

Topic: Cost Classifications
Series: MAY 2021

MI – May 2024 – L1 – SA – Cost Classifications

Identifies the classification of production costs from other costs.

Question

Which of the following is classified as a production cost?

A. Other factory costs
B. Selling costs
C. Distribution costs
D. Administration costs
E. Finance costs

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cost Classifications, Factory Costs, Financial management, Production Costs
Level: Level 1

Topic: Cost Classifications
Series: MAY 2024

Question Tag: Cost Classifications

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MI – May 2021 – L1 – SA – Q1 – Cost Classifications

Identify the difference between prime cost and production cost.

MI – May 2024 – L1 – SA – Cost Classifications

Identifies the classification of production costs from other costs.

MI – May 2021 – L1 – SA – Q1 – Cost Classifications

Identify the difference between prime cost and production cost.

MI – May 2024 – L1 – SA – Cost Classifications

Identifies the classification of production costs from other costs.

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MI – May 2021 – L1 – SA – Q1 – Cost Classifications

Identify the difference between prime cost and production cost.

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MI – May 2024 – L1 – SA – Cost Classifications

Identifies the classification of production costs from other costs.

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MI – May 2021 – L1 – SA – Q1 – Cost Classifications

Identify the difference between prime cost and production cost.

You're reporting an error for "MI – May 2021 – L1 – SA – Q1 – Cost Classifications"

MI – May 2024 – L1 – SA – Cost Classifications

Identifies the classification of production costs from other costs.

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