Extra Notes - 1. Which of the following costs are referred...

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1. Which of the following costs are referred to as conversion costs? (Points: 1) Direct labor cost and factory overhead cost 2. Which of the following is considered a part of factory overhead cost? (Points: 1) Depreciation of factory buildings 3. Which of the following is not a prime cost? (Points: 1) Supervisor's wages 4. The following are all product costs except: (Points: 1) Sales and administrative expenses 5. What is the purpose of the Statement of Cost of Goods Manufactured? (Points: 1) to determine the amounts transferred to finished goods 6. Which of the following accounts will be found on the income statement? (Points: 1) cost of merchandise sold 7. Which of the following would most likely use a job order costing system? (Points: 1) A swimming pool installer 8. Which of the following is not a characteristic of a job order costing system? (Points: 1) It accumulates cost for each department within the factory. 9. Which of the following is the correct flow of manufacturing costs? (Points: 1) Raw materials, work in process, finished goods, cost of goods sold 10. The document authorizing the issuance of materials from the storeroom is the: (Points: 1) materials requisition 11. In a job order cost accounting system, when goods that have been ordered are received, the receiving department personnel count, inspect the goods, and complete a: (Points: 1) receiving report 12. At the end of the fiscal year, the balance in Factory Overhead is small. This balance would normally be: (Points: 1) transferred to Cost of Goods Sold 13. In process cost accounting, the costs of direct materials and direct labor are charged directly to: (Points:
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This note was uploaded on 10/05/2010 for the course ACCOUNTING n/a taught by Professor N/a during the Summer '09 term at Kaplan University.

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Extra Notes - 1. Which of the following costs are referred...

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