Value Engineering Insurance and Lock In Costs Quiz Questions and Answers PDF - 41

MCQ 201: The costs that are planned in future and has not been incurred are known as

1. designed-in costs
2. locked-in costs
3. value added cost
4. both a and b

MCQ 202: The terms used in manufacturing cost systems are

1. manufacturing costs
2. prime costs
3. conversion costs
4. both B and C

MCQ 203: An average unit cost, applicable to each similar produced unit is classified as

1. per unit cost
2. per post cost
3. per price cost
4. application cost

MCQ 204: The broad's average use to assign the cost of revenue to cost objects will be classified as

1. refined costing system
2. refined selling system
3. undefined costing
4. defined selling system

MCQ 205: The target annual operating income is divided with invested capital to calculate

1. target rate of return on investment
2. operating income per unit
3. operating cost per unit
4. cost of goods sold