Reference no: EM132825634
Questions - The following costs are related to questions 1 - 4: A factory produces two products, A and B. The following costs are related to these products.
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Product A
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Product B
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Direct material
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TL 30
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TL 15
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Direct labor
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TL 20
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TL 10
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Indirect manufacturing costs
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TL 10
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TL 25
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Q1. What is the total cost of Product A?
a) TL 40 b) TL 50 C) TL 60 d) TL 70 e) TL 80
Q2. What is the total cost of Product B?
a) TL 40 b) TL 50 c) TL 60 d) TL 70 e) TL 80
Q3. If 10 units of Product A are produced, what is the unit cost of Product A?
a) TL 4 b) TL 5 C) TL 6 d) TL 7 e) TL 8
Q4. If 5 units of Product B are produced, what is the unit cost of Product B?
a) TL 4 b) TL 5 C) TL 6 d) TL 8 e) TL 10
Q5. What is a budget?
a) a plan for the future income and expenditures
b) a plan for the past income and expenditures
c) a plan for the future assets
d) a plan for the past liabilities
e) a plan for the future salaries
Q6. The budget of a company helps to control the following costs:
a) maintenance costs b) advertising costs c) material costs d) wages e) all of the mentioned costs