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Chapter 20 - 2 out of 2 points The three categories of...

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Quest ion 1 0 out of 2 points Which of the following is not a use of the cost of production report? Selected Answer: Correct Answer:
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Questio n 2 0 out of 2 points Which of the following is not characteristic of a process cost system. Selected Answer: Correct Answer: Questio n 3 2 out of 2 points For which of the following businesses would a process cost system be appropriate? Selected Answer: Correct Answer: Questio n 4 2 out of 2 points Which of the following best describes the effect on direct labor when management adopts a just-in-time environment? Selected Answer: Correct Answer: Questio n 5 2 out of 2 points A form prepared periodically for each processing department summarizing (1) the units for which the department is accountable and the units to be assigned costs and (2) the costs charged to the department and the allocation of these costs is termed a: Selected Answer:
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Questio n 5 2 out of 2 points Correct Answer: Questio n 6
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Unformatted text preview: 2 out of 2 points The three categories of manufacturing costs comprising the cost of work in process are direct labor, direct materials, and: Selected Answer: Correct Answer: Questio n 7 2 out of 2 points The four steps necessary to determine the cost of goods completed and the ending inventory valuation in a process cost system are: 1. 2. 3. 4. The correct ordering of the steps is: Selected Answer: Correct Answer: Questio n 8 2 out of 2 points In process cost accounting, the costs of direct materials and direct labor are charged directly to: Selected Answer: Correct Answer: Questio n 9 2 out of 2 points Which of the following is NOT a way in which process and job order cost systems are similar? Selected Answer: Correct Answer: Question 10 0 out of 2 points For which of the following businesses would a process cost system be appropriate? Selected Answer: Correct Answer:...
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Chapter 20 - 2 out of 2 points The three categories of...

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