Which type of firm uses process costing

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Reference no: EM132632303

Problem 1: Conversion costs are

A. materials and overhead costs

B. overhead costs

C. direct labour and overhead costs

D. materials and direct labour costs

Problem 2: Which type of firm uses process costing?

A. a retailer

B. a firm that provides personal services

C. a manufacturer

D. a firm which mass produces

Problem 3: Which of the following is the same amount in the master budget and the flexible budget?

A. Fixed costs

B. Variable costs

C. Direct costs

D. Sales volume

Reference no: EM132632303

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