ch 17 quiz

ch 17 quiz - C17 small Practice quiz L1 acc102 1 In which...

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C17 small Practice quiz L1 acc102 1. In which step of the management process would information from a product costing system be used to forecast unit costs? a. Performing b. Planning c. Evaluating d. Communicating 2. TF A brewery would probably use a process costing system. 3. A process costing system does not a. contain several Work in Process Inventory accounts. b. accumulate manufacturing costs by job or batch of products. c. generate a report on the assignment of costs at the end of each accounting period. d. apply to products produced in a continuous flow. 4. Which of the following industries is most likely to use a job order costing system? a. Jet aircraft company b. Paint-producing company c. Soft drink–producing company d. Oil-refining company 5. The type of product costing system used by a company is dictated by the a. project manager. b. production process. c. company president. d. plant supervisor. 6. TF A manufacturer of custom-made clothing would probably use a job order costing system. 7. Melnor Products, Inc., produces deluxe office desks. During January, it incurred the following costs to complete Job ACA 12: direct materials, $12,210; supplies, $1,440; direct labor, $3,640; and indirect labor, $5,200. Overhead was applied at a rate of $35 per machine hour, and the job required 670 machine hours. If the job called for 96 desks, how much did each desk cost to produce? a.
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This note was uploaded on 04/25/2011 for the course ACC 101 taught by Professor Dasd during the Winter '08 term at DePaul.

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ch 17 quiz - C17 small Practice quiz L1 acc102 1 In which...

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