Accounting Chapter 4 Review Questions - Accounting 305...

Accounting Chapter 4 Review Questions
Download Document
Showing pages : 1 - 2 of 5
This preview has blurred sections. Sign up to view the full version! View Full Document
Accounting 305 Chapter 4 Review Questions Which of the following costing systems would always use job cost sheets? A. Job order costing. B. Process costing. C. Activity-based costing. D. All three systems. The basic types of cost accounting systems are: A. Job order cost systems, activity based cost systems, and process cost systems. B. Direct cost systems and indirect cost systems. C. Completed job cost systems and work in process cost systems. D. Fixed cost systems and variable cost systems. A job order cost system would be appropriate in the manufacture of: A. Paints. B. Custom-made furniture. C. Breakfast cereal. D. Standard-grade plywood. Under a job order cost system, costs are accumulated for: A. Each department in the production cycle. B. Each batch of production, known as a job or lot. C. Each individual unit produced. D. Each job supervisor. A job cost sheet usually contains a record of each of the following except: A. The cost of direct materials charged to a particular job. B. The overhead costs actually incurred on a particular job. C. The cost of direct labor charged to a particular job. D. The overhead cost applied to a particular job.
Background image of page 1
In a job cost system, the Work-in-Process Inventory controlling account may be reconciled to the total of the: A. Employee time cards. B. Materials requisitions. C. Work-in-Process Inventory records for each department or process. D.
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Create a FREE account now to get started. Log In

The email address you entered is not valid. The email address you provided is already in use.
Your username must be at least 5 characters. Your username must consist of only alphanumeric characters. Your username must contain at least one letter. Your username contains inappropriate language. Another user has already claimed this username.
Your password must be at least 6 characters in length.
{[ $select.selected.label ]} Please select a valid school.
By creating an account you agree to our Privacy Policy, Terms of Use, and Honor Code.
Create my FREE account Processing...
Sign Up with Facebook

We will never post anything without your permission.

Already on Course Hero? Log In