AC202Exam3SB[1]

AC202Exam3SB[1] - AC202 Principles of Accounting II Exam 3A...

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AC202 Principles of Accounting II Name__ ________________ Park University Exam 3A Chapters 19-21 Multiple Choice Questions ( 2 points ) Select the ONE, BEST Answer
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1. A system of accounting for production operations that uses a periodic inventory system is called a: A. Manufacturing accounting system. B. Production accounting system. C. General accounting system. D. Cost accounting system. E. Finished goods accounting system. 2. A job cost sheet shows information about each of the following items except: A. The direct labor costs assigned to the job. B. The name of the customer. C. The costs incurred by the marketing department in selling the job. D. The overhead costs assigned to the job. E. The direct materials costs assigned to the job. 3. Canoe Company uses a job order cost accounting system and allocates its overhead on the basis of direct labor costs. Canoe Company's production costs for the year were: direct labor, $30,000; direct materials, $50,000; and factory overhead applied, $6,000. The overhead application rate was: A. 5.0%. B. 12.0%. C. 20.0%. D. 500.0%.
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This note was uploaded on 03/02/2012 for the course ACCT 202 taught by Professor Pizzillo during the Spring '08 term at Park.

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AC202Exam3SB[1] - AC202 Principles of Accounting II Exam 3A...

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