This preview shows pages 1–3. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: AC 202 Principles of Accounting II Park University Quiz 5A-Chapter 20 Multiple Choice Questions ( 10 points )Select the ONE, BEST Answer 1. Equivalent units of production are equal to: A. The number of units that could have been completed if all effort had been applied to units that were started and completed that period. B. The number of finished units actually produced that period. C. The number of units introduced into the process that period. D. The number of units still in process that period. E. Physical units that were completed this period from all effort being applied to them. 1 2. Which of the following characteristics applies to process cost accounting and not to job order cost accounting? A. Use of a predetermined overhead rate. B. Identifiable lots of production. C. Equivalent units of production. D. Labor time ticket for each employee. E. Use of a single Goods in Process account....
View Full Document
This note was uploaded on 03/02/2012 for the course ACCT 202 taught by Professor Pizzillo during the Spring '08 term at Park.
- Spring '08