QuizCh3.pdf - Chapter 3 Quiz r*. (FJG\ \-l @ 1. Job-order...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 3 Quiz 1. Job-order costing is used in manufacturing companies and process costing is used in service companies. r*. (FJG\ \\--l 2. A flour manufacturer is more likely to use process costing than job-order costing whereas a manufacturer of customized leather jackets is more likely to use job-order costing than process costing. @ False 3. Normallv a iob cost sheet is not prepared for a job until after the job has been completed. -J True QalsE 4. Two of the reasons why overhead may be underapplied are: (1) the estimated overhead cost may be too low, --g{4.(2) the estimated amount of the allocation base may be too high. qI$ False J 5. Which of the following statements is correct concerning job-order costing? I,A.-:Job-order costing would be appropriate for a textbook p.rblirh". . tB. m the costs uppi-ittg on ajoL cost sheet are actual costs. C. Indirect materials are charged to a specific job. D. Job-order costing is mainly
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 2

QuizCh3.pdf - Chapter 3 Quiz r*. (FJG\ \-l @ 1. Job-order...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online