CH 4 Exam - Homework Manager 2 - View My Grades -...

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View My Grades HOMEWORK MANAGER > STUDENTS > VIEW MY GRADES > ALL QUESTIONS Question 1: Score 2/2 Question 2: Score 2/2 Question 3: Score 2/2 Question 4: Score 2/2 Question 5: Score 2/2 Which of the following are needed to compute the cost per equivalent unit for materials under the weighted-average method of process costing? Your Answer: Choice Selected Item D Item C Item A Item B In the computation of costs per equivalent unit, the weighted-average method of process costing considers: Your Answer: Choice Selected costs incurred during the current period plus cost of ending work in process inventory. costs incurred during the current period only. costs incurred during the current period plus cost of beginning work in process inventory. costs incurred during the current period less cost of beginning work in process inventory. The completion of goods is recorded as a decrease in the work in process inventory account when using: Your Answer: Choice Selected Item D Item A Item B Item C All of the following statements are correct when referring to process costing except: Your Answer: Choice Selected Units produced are indistinguishable from each other. Costs are accumulated by department. A process costing system has the same basic purposes as a job-order costing system. Process costing would be appropriate for a jeweler who makes custom jewelry to order. Which of the following are needed to compute equivalent units for conversion costs under the weighted-average method of process costing? Page 1 of 5 Homework Manager 2 - View My Grades - Managerial Accounting ACC116B - Section . .. 9/22/2008 http://mh10.brownstone.net/modules/viewRecord.Login
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Question 6: Score 3/3 Question 7: Score 3/3 Your Answer: Choice Selected Item B Item A Item D Item C Dainels Corporation uses the step-down method to allocate service department costs to operating departments. The company has two service departments, General Management and Physical Plan Sales and After-Sales. Data concerning those departments follow: General Management Department costs are allocated first on the basis of employee time and Physical Plant Department costs are allocated second on the basis of space occupied. The total After-S allocations is closest to: Your Answer: Choice Selected $515,880 $513,911 $503,980 $516,196 Feedback: Behrend Clinic uses the direct method to allocate service department costs to operating departments. The clinic has two service departments, Personnel and Support, and two operating department Personnel Department costs are allocated on the basis of employee hours and Support Department costs are allocated on the basis of space occupied in square feet. The total Pediatrics Departme service department costs is closest to: Service Department Operating Department Personnel Support
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CH 4 Exam - Homework Manager 2 - View My Grades -...

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