375 at the end of the accounting period a companys

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375. At the end of the accounting period, a company's overhead was underapplied by $150. If not adjusted, how does this affect the net income? 376. 377. 378. 4 379. At the end of the accounting period, the overapplied or underapplied balance in Factory Overhead is closed to: 380. 381. 382. 5 383. Characteristics of cost accounting systems include: 384. 385. 386. 7 387. Companies use job cost sheet to track the costs of: 388. 389. 390. 8 391. A company has predetermined overhead rate of $14 per machine hour. Job 846 uses 27.5 machine hours. Overhead allocated to job 846 will be ? 392. 393. 394. 9 395. A company incurs factory overhead costs of $1,200 and applied $1,500. If the difference is considered immaterial, then the:
398. 1 399. A company uses direct labor cost as it allocation base. Management estimates the company will incur $150,000 of direct labor cost during the year and total overhead costs of $200,000. What's their predetermined overhead rate? 400. 401.
402. 1 403. A company uses direct labor hours as its allocation base. Management estimates the company will have 10,000 hours of direct labor during the year and total overhead costs of $120,000. The predetermined overhead rate will be $ ....... per hour. 404. 405. 406. 1 407. A consulting firm has a predetermined overhead rate of $120 per labor hour. The Smith job required 5 hours to complete. the Overhead cost applied to this job is $... 408. 409. 410. 1 411. The cost accounting system which is used when producing customized products is called : 412. 413. 414. 1 415. During production, job cost sheets are used to: 416. 417. 418. 1 419. If the factory overhead is overapplied, then: 420. 421. 422. 1 423. Job cost sheet can be used to: 424. 425. 426. 1 427. Journal entries for materials used in production are posted to: 428. 429. 430. 2 431. The journal entry to record depreciation on factory equipment is to: 432. 433. 434. 2 435. The Journal entry to record Direct Labor in Production is to : 436. 437. 438. 2 439. The journal entry to record indirect labor costs used in production includes a debit to Factory .......... 440. 441.
442. 2 443. The journal entry to record indirect labor used in production is to: 444. 445. 446. 2 447. The journal entry to record indirect materials costs used in production includes a debit to Factory ............ 448. 449. 450. 2 451. The journal entry to record indirect materials in production is to: 452. 453. 454. 2 455. The journal entry to record the accrual of factory utilities is to: 456. 457. 458. 2 459. The Journal entry to record the allocation of factory overhead is an: 460. 461. 462. 2 463. The journal entry to record the allocation of factory overhead is a(n): 464. 465.
466. 2 467. The journal entry to record the Cost of Goods Sold n process costing is a: 468. 469. 470. 3 471. The journal entry to record the payment of production labor in process costing is a: 472. 473.

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