CH 3 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 0/2 Question 3: Score 2/2 Question 4: Score 2/2 Question 5: Score 0/2 In a predetermined overhead rate in a job-order costing system that is based on machine-hours, which of the following would be used in the numerator and denominator? Your Answer: Choice Selected Item A Item B Item D Item C Which of the following statements is correct concerning job-order costing? Your Answer: Choice Selected Correct Indirect materials are charged to a specific job. Job-order costing is mainly used in firms with homogeneous products such as oil refineries. All the costs appearing on a job cost sheet are actual costs. Job-order costing would be appropriate for a textbook publisher. Which of the following types of firms typically would use process costing rather than job-order costing? Your Answer: Choice Selected A specialty equipment manufacturer. A manufacturer of commercial passenger aircraft. A small appliance repair shop. A breakfast cereal manufacturer. What journal entry is made in a job-order costing system when $8,000 of materials are requisitioned for general factory use instead of for use in a particular job? Your Answer: Choice Selected Item B Item C Item D Item A A good description of "cost of goods manufactured" is the recorded cost of the: Your Answer: Choice Selected Correct Page 1 of 5 Homework Manager 2 - View My Grades - Managerial Accounting ACC116B - Section 50120 9/22/2008 http://mh10.brownstone.net/modules/viewRecord.Login
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Question 6: Score 2/2 Question 7: Score 0/2 Question 8: Score 2/2 Question 9: Score 3/3 work done this period on units completed this period. work done on all units during the period. units completed during the period. units started and completed during the period. What source document is used to determine the actual amount of direct materials to record on a job cost sheet? Your Answer: Choice Selected materials purchase order materials requisition form bill of materials production order Which of the terms below would make the following sentence correct? Multiple overhead rate costing systems are usually more ____________ than plantwide overhead rates. Your Answer: Choice Selected Correct Item D Item C Item B Item A In a job-order cost system, which of the following events would trigger recording data on a job cost sheet? Your Answer: Choice Selected the purchase of direct materials the payment of fire insurance on the factory building the payment for product advertising none of the above Your response Correct response Exercise 3-8 Underapplied and Overapplied Overhead [LO8] Cretin Enterprises uses a predetermined overhead rate of $21.50 per direct labor-hour. This predetermined rate was based on 8,060 estimated direct labor-hours and $173,290 of estimated total manufacturing overhead. The company incurred actual total manufacturing overhead costs of $176,300 and 8,250 total direct labor-
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CH 3 Exam - Homework Manager 2 - View My Grades -...

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