Test3 - am an my in a uni Finish leview Beginning goods in...

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Unformatted text preview: am an: my: in a uni: Finish leview Beginning goods in prowess inventory. 5,000 units, 1/4 ufthc labor added this period Unit: startadanduumplsted .. 15,000 Ending goods in process inventory .. 6,000 units, 1/2 ofthe labor added this period The Dunecl answer is: 21,000; 19,250, F shed Goods Inventory Goods in Procesa Invento The DDI'DBEI answer is: Any company in any industry. The Dunecl answer is 'False', The curred answer '5: There may be alter or umerappliefl overhead, The DDI'DBEI answer is 'False'. A) $4,500; E) $5,800; C) $5,500; D) $5,500; A) $4,500; E) $5,800; C) $5,500; D) $5,500; E) $5,400; The cun‘ecl answer is: Clinics B The curred alumer :: None of the above The DDI'DBEI answer is: Activity-nasal Dusting. The cun‘ecl answer is 'Tme', Goods inProoosa Inventory, Department G ..... 53,000 Goods inI‘mccss Inventory, Dcparlmcnl H 21,000 Factory Payroll.. 74,000 The curred answer i: 5 25,000 The curred answer 'False', The DDI'DBEI answer is: Jon. The curred answer :: Job, The cun‘ecl answer is: Work in PM... 7 membly, ,,112,5oo Work in Pumas 7 Finishing 111 .500 Fadory Overhaul, ,,144,ooo Question 22 Surreal 5.00 points out M5. on F Fiifl quatlnn Question 23 Correct 5.00 nuiilts out curs DD ‘7 Fiag “nation Question 24 Correct 5 on points out me on F Fiag question Question 25 Correct 5.00 points out we. on ‘7 Fiag “nation FiniSh reView -§- cupyngiii ems Slrargtiterlme Mi Rights Rfierved A department that is responsibie for maximizing revenues is known as a revenue center. Seiect one: 0 True .1 False The correct answer is ‘True‘. In process cost accounting, materiais are aiways ciassified as indirect ilthey are not physicaily incorporated into the l'rnai product. Seiect one: True . False J The correct answer is ‘False'. Ajoo cost sheet shows information about each of the toiiowing items except: Seiect one: a. The direct laborcosts assigned to the job. b. The name of the customer. 0 c. The costs incurred by the marketing department in selling the Job. 4’ d. The overhead costs assigned to the job. e. The direct materials costs assigned to the job. The correct answer is: The costs incurred by the marketing department in seiiihg thejoo. When raw materials are purchased on account for use in a process costing system, the corresponding iournai entry that should be recorded wiiI inciude: Seiect one: a. A debit to Goods in Process Inventory. b. A debit to Accounts Payable. c. A credit to cash. 0 d. A debit to Raw Materials Inventory. J e. A credit to Raw Materials Inventory. The correct answer is: A deoit to Raw Materials Inventory. ...
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