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Test your understanding with targeted questions related to the topic.
Question 1
Easy
What type of cost is directly attributed to the production of a product?
💡 Hint: Think about costs that can be traced to a specific item.
Question 2
Easy
What are costs such as office rent classified as?
💡 Hint: These are costs that cannot be traced back to a specific product.
Practice 4 more questions and get performance evaluation
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is an example of a direct cost?
💡 Hint: Think of costs that you can easily assign to a product.
Question 2
True or False: Fixed costs increase with production volume.
💡 Hint: Recall the definition of fixed costs.
Solve 2 more questions and get performance evaluation
Push your limits with challenges.
Question 1
A software development project has fixed costs of $3000 per month and variable costs of $100 per hour of labor. If the team works 150 hours this month, what are the total costs?
💡 Hint: Calculate fixed and variable costs separately before adding.
Question 2
Consider a company that found that its direct costs included $2000 in materials, while their indirect costs were $5000 last month. What percentage of the total costs were direct?
💡 Hint: Calculate total costs first before determining the percentage.
Challenge and get performance evaluation