Managerial Accounting - Multiple Choice _Chapter 03 - Which of the following statements is(are true Companies that produce many different products or

Managerial Accounting - Multiple Choice _Chapter 03 - Which...

This preview shows page 1 - 3 out of 5 pages.

Which of the following statements is (are) true?Companies that produce many different products or services would use job-order costing systems. A)B)Job-order costing systems cannot be used by service firms.C)Costs are traced to departments and then allocated to units of product when job-order costing is used.D)All of the above. 2Harrington Company uses predetermined overhead rates to apply manufacturing overhead to jobs. The predetermined overhead rate is based on machine hours in the Machining Department and direct labor cost in the Assembly Department. At the beginning of the year, the company made the following estimates:<a onClick="window.open('/olcweb/cgi/pluginpop.cgi?it=jpg::::/sites/dl/free/0027317785/878690/chap3_1.jpg','popWin', 'width=NaN,height=NaN,resizable,scrollbars');" href="#"><img valign="absmiddle" height="16" width="16" border="0" src="/olcweb/styles/shared/linkicons/image.gif"> (27.0K)</a>What predetermined overhead rates would be used in the Machining and Assembly Departments, respectively?
Image of page 1
Image of page 2
Image of page 3

You've reached the end of your free preview.

Want to read all 5 pages?

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture