Man10e_ATest_ch03

Man10e_ATest_ch03 - 10th Edition MANAGERIAL ACCOUNTING...

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Unformatted text preview: 10th Edition MANAGERIAL ACCOUNTING Warren/Reeve/Duchac Chapter Test 3A Score % Name Course Section NOTE: Each of the 40 correct answers is assigned a weight of 2%. FILL-IN-THE-BLANKPRINCIPLES AND TERMINOLOGY60% A TEST 17A (Concluded) INSTRUCTIONS: Complete each of the following statements by writing the appropriate words or amounts in the Answers column. For Scoring STATEMENTS Answers 0. The cost system best suited to industries that manufacture homogeneous units of products on a continuous basis is a(n) _________ system. ................................................................................ process 0. ____ 14. Identify whether a process cost or job order cost system would be more appropriate for each of the following businesses: 1. accounting firm ....................................................................................... 1. ____ 2. gasoline producer .................................................................................. 2. ____ 3. airplane manufacturer ............................................................................ 3. ____ 4. pharmaceuticals company ..................................................................... 4. ____ 5. computer chip manufacturer .................................................................. 5. ____ 6. The complete number of units that could have been finished within a given accounting period with respect to direct materials and conversion costs is the ........................................................................... 6. ____ 7. Direct labor and factory overhead are referred to as ............................ 7. ____ 89. Oslo Manufacturing incurred $80,000 of direct materials costs, direct labor costs of $20,000, and factory overhead of $30,000. If 1,000 TEST 17A (Concluded) direct materials equivalent units and 900 conversion equivalent units...
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This note was uploaded on 10/12/2010 for the course ACCT 116B taught by Professor Rivers during the Spring '09 term at City.

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Man10e_ATest_ch03 - 10th Edition MANAGERIAL ACCOUNTING...

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