Cost of goods sold statement and income statement MCQs

1. Which of the following would be an example of direct materials cost?

 
 
 
 

2. Supervisor’s salary is treated as which type of cost?

 
 
 
 

3. Insurance premium paid for the production facility would be classified as:

 
 
 

4. The cost of goods sold section of a merchandising income statement would not include which of the following?

 
 
 
 

5. Property tax paid for the sales offices would be classified as:

 
 
 
 

6. The salary of a production worker is an example of:

 
 
 

Next Quiz: Product Costing Systems 

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