ACCT 729 Ch 15.docx - ACCT 729 – Chapter 15 Concept Check...

ACCT 729 – Chapter 15 Concept Check
1. A cost accounting system includes which of the following?
2. True or false: The principle of customization is applicable to both service and manufacturing companies. 3. True or false: A job order costing system requires the company to keep separate records for each job.
4. Manufacturing of products in a repetitive manner is referred to as (process/job order) ______ operations
while manufacturing of custom products is referred to as (process/job order) ___________ operations.
5. All of the following are manufacturing costs except:
6. A cost accounting system: (Check all that apply.)
7. Job order production is most likely used by companies that produce:
8. To determine the cost of producing each job or job lot, companies use a:
9. The correct cost flow in a job order costing system is:
10. Companies use job cost sheets to track the costs of: 11. The three types of manufacturing costs in a job order costing system include: 12. List the following documents in the order in which they are used when recording direct materials costs in
job order cost accounting, with the first document on top.