Unit 4 - Practice for Review

Unit 4 - Practice for Review - Unit 4: Job Order Costing...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon

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

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

Unformatted text preview: Unit 4: Job Order Costing & Process Cost Systems - Practice for Review Hel p 1. Cost accounting systems are used to supply cost data information on costs incurred by a manufacturing process or department. (Points: 1) True False 2. A manufacturer may employ a job order cost system for some of its products and a process cost system for others. (Points: 1) True False 3. A job order cost accounting system provides for a separate record of the cost of each particular quantity of product that passes through the factory. (Points: 1) True False 4. A process cost accounting system provides for a separate record of the cost of each particular quantity of product that passes through the factory. (Points: 1) True False 5. A process cost accounting system accumulates costs for each of the departments or processes within the factory. (Points: 1) True False 6. The job order costing system is used by service firms to determine revenues, expenses, and ultimately profit. (Points: 1) True False 7. Perpetual inventory controlling accounts and subsidiary ledgers are maintained for materials, work in process, and...
View Full Document

Page1 / 3

Unit 4 - Practice for Review - Unit 4: Job Order Costing...

This preview shows document pages 1 - 3. Sign up to view the full document.

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