Cost Classification Quiz

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Questions and Answers

Which cost can be directly traced to a specific product or service?

  • Rent
  • Material cost (correct)
  • Utilities
  • Quality

Which cost remains the same regardless of the level of production or sales?

  • Sales commissions
  • Raw materials
  • Rent (correct)
  • Quality

Which cost varies with the level of production or sales?

  • Quality
  • Utilities
  • Rent
  • Raw materials (correct)

Which cost remains fixed within a certain range of production or sales and increases in steps beyond that range?

<p>Adding an additional production line (C)</p> Signup and view all the answers

Which cost includes both fixed and variable components?

<p>Utilities (C)</p> Signup and view all the answers

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