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topic 2 job costing

stevensae 17 perguntas 5,0 (1 avaliação)

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  1. 1In a job-order costing system, the journal entry to record the application of overhead cost to jobs would include:
    1. ACredit to MOH account
    2. BCredit to Work in Process inventory account
    3. CDebit to Cost of Goods Sold
    4. Da debit to the Manufacturing Overhead account
  2. 2In a job-order costing system, the use of indirect materials would usually be recorded as a debit to:
    1. ARaw Materials
    2. BWork in Process
    3. CManufacturing Overhead
    4. DFinished goods
  3. 3In a job-order costing system, the entry to record depreciation on manufacturing equipment would include:
    1. Aa debit to the Work in Process inventory account
    2. Ba debit to the Depreciation Expense account
    3. Ca credit to the Work in Process inventory account
    4. Da debit to the Manufacturing Overhead account
  4. 4When applying manufacturing overhead to jobs, the formula to calculate the amount is as follows:
    1. APredetermined overhead rate divided by the actual manufacturing overhead incurred on the particular job.
    2. BPredetermined overhead rate times the actual manufacturing overhead incurred on the particular job.
    3. CPredetermined overhead rate divided by the actual units of allocation base charged to the particular job.
    4. DPredetermined overhead rate times the actual units of allocation base charged to the particular job.
  5. 5Which of the following companies would be most likely to use a job-order costing system rather than a process costing system?
    1. AFast food restaurant
    2. BShipbuilding
    3. CCrude oil refining
    4. DCandy making
  6. 6Choice of allocation base should be made based on
    1. AThe relative size of the base
    2. Bthe base's relation to direct labor
    3. Cthe base's activity
    4. Dwhether the base actually drives the cost being allocated
  7. 7In a job-order costing system, the journal entry to record the application of overhead cost to jobs would include:
    1. Aa credit to the Manufacturing Overhead account.
    2. Ba credit to the Work in Process inventory account.
    3. Ca debit to Cost of Goods Sold.
    4. Da debit to the Manufacturing Overhead account.
  8. 8In a job-order costing system, the use of indirect materials would usually be recorded as a debit to:
    1. Araw materials
    2. Bwork in process
    3. Cmanufacturing overhead
    4. Dfinished goods
  9. 9Which of the following is not a characteristic of Job-Order costing?
    1. AMany different products are produced each year
    2. BProducts are manufactured to order
    3. Ccosts are traced or allocated to jobs
    4. Dcost records must be maintained for each distinct product or job
    5. Emanufacturing costs are assigned to products
  10. 10MOH is applied to each job using a predetermined rate
    1. AVerdadeiro
    2. BFalso

Informações

Descrição
202 accounting Quiz sobre topic 2 job costing, criado por stevensae em 04-05-2015.
Idioma
English
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119
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5,0 de 5 · 1 avaliação
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