Module 2 Self Assessment - Douglas GA Silber 5/13/10 1:45...

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Douglas GA Silber 5/13/10 1:45 PM Self-Assessment 2 Completed 4 out of 0 points
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Question 1 1 out of 1 points Job order costing and process costing are systems of Answer Selected Answer: Correct Answer: Question 2 0 out of 1 points Which of the following is not a characteristic of a job order costing system? Answer Selected Answer: Correct Answer: Question 3 0 out of 1 points Which of the following products probably would be manufactured using a job order costing system? Answer Selected Answer: Correct Answer: Question 4 1 out of 1 points When the amount of overhead applied differs from actual, if it is an insignificant dollar amount it is usually written off to Answer Selected Answer:
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Correct Answer: Question 5 0 out of 1 points If the applied overhead is more than actual overhead by an immaterial dollar amount, which of the following is part of the entry? Answer Selected Answer: Correct Answer: Question 6 1 out of 1 points Direct materials for $8,000 units were added at the beginning of the second process during November. During the month, $8,300 units were completed and transferred to the third process. On November 1, there were 600 units in beginning inventory, and on November 30, there were 300 units still remaining in the process. Compute the equivalent units for direct materials for the second process for November using the FIFO costing method. Answer Selected Answer: Correct Answer: Question 7 1 out of 1 points Measures of equivalent production are necessary in process costing because Answer Selected Answer: Correct Answer: Question 8
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0 out of 1 points During March, Department A started 300,000 units of product in a particular production process. The beginning work in process inventory was 50,000 units, and the ending inventory was 40,000 units. Direct materials are introduced at the start of processing, and beginning and ending inventories are
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This note was uploaded on 06/21/2011 for the course ACCOUNTING 0116001 taught by Professor Bloom during the Spring '07 term at Santa Fe College.

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Module 2 Self Assessment - Douglas GA Silber 5/13/10 1:45...

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