ACCT202 - Final Test - David J Wilson - ACCT 202 - EXAM II...

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ACCT 202 - EXAM II (CH. 5 & 6)Final75 pointsNAMEDavid J WilsonProblems 1 – 20 are 1 point eachProblems 21 – 31 are 5 points eachJust as a reminder – if you don’t show your work on the multiple choice it is either a right or wrong answer.1) How are manufacturing costs treated in process costing?A) The manufacturing costs are added only when the goods are in finished inventory.B) The manufacturing costs are added only when the goods are sold.C) The manufacturing costs always follow the physical movement of the product.D) None of the above.
2) The two basic types of product costing systems are
3) Process costing is most likely used in which of the following industries?
4) What does direct labor costs plus manufacturing overhead equal?
5) A company manufactures organic juices.Last month’s costs were:What were the conversioncostsfor the month?Directmaterials$210,000Direct labor$175,000Manufacturingoverhead$75,000A.$250,000B.$385,000C.$460,000D.$210,000
6) A(n) ________ cost is a cost whose total amount changes in direct proportion to a change in volume.
7) Which of the following costs is an example of a fixed cost?
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Chapter 3 / Exercise 38
Applied Calculus for the Managerial, Life, and Social Sciences
Tan
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8) With respect to variable costs per unit, which of the following statements istrue?

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Term
Fall
Professor
perkins
Tags
Finished Goods Inventory
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Applied Calculus for the Managerial, Life, and Social Sciences
The document you are viewing contains questions related to this textbook.
Chapter 3 / Exercise 38
Applied Calculus for the Managerial, Life, and Social Sciences
Tan
Expert Verified

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