Workshop 4 - Quiz 4

Workshop 4 - Quiz 4 - Grade Delivery Points Awarded Points...

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Points Awarded 50.00 Points Missed 0.00 Percentage 100% 1. In a process cost system, A) a Work in Process account is maintained for each product. B) a materials requisition must identify the job on which the materials will be used. C) a Work in Process account is maintained for each process. D) one Work in Process account is maintained for all the processes, similar to a job order cost system. Points Earned: 5.0/5.0 Correct Answer(s): C 2. Which of these best reflects a distinguishing factor between a job order cost system and a process cost system? A) The detail at which costs are calculated B) The time period each covers C) The number of work in process accounts D) The manufacturing cost elements included Points Earned: 5.0/5.0 Correct Answer(s): C 3. When manufacturing overhead costs are assigned to production in a process cost system, they are debited to A) the Finished Goods Inventory account. B) Cost of Goods Sold.
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This note was uploaded on 09/24/2011 for the course MGMT 201 taught by Professor Parkin during the Fall '10 term at Buena Vista.

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Workshop 4 - Quiz 4 - Grade Delivery Points Awarded Points...

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