FinMan10e_ATest_ch18

FinMan10e_ATest_ch18 - 10th Edition FINANCIAL& MANAGERIAL ACCOUNTING Warren/Reeve/Duchac Chapter Test 18A Score Name Course Section NOTE Each of

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 10th Edition FINANCIAL & MANAGERIAL ACCOUNTING Warren/Reeve/Duchac Chapter Test 18A Score % Name Course Section NOTE: Each of the 40 correct answers is assigned a weight of 2½%. FILL-IN-THE-BLANK—PRINCIPLES AND TERMINOLOGY—60% INSTRUCTIONS: Complete each of the following statements by writing the appropriate words or amounts in the A TEST 17A (Concluded) 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. ____ 1–4. 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. ____ 8–9. Oslo Manufacturing incurred $80,000 of direct materials costs, direct labor costs of $20,000, and factory overhead of $30,000. If 1,000 direct materials equivalent units and 900 conversion equivalent units were manufactured, then: TEST 17A (Concluded)...
View Full Document

This note was uploaded on 07/17/2011 for the course ACCT 102 taught by Professor Martinez during the Summer '11 term at Rio Hondo College.

Page1 / 11

FinMan10e_ATest_ch18 - 10th Edition FINANCIAL& MANAGERIAL ACCOUNTING Warren/Reeve/Duchac Chapter Test 18A Score Name Course Section NOTE Each of

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online