Question 15 of 20 00 50 points if jobs have been

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Question 15 of 200.0/ 5.0 PointsIf jobs have been under costed due to under allocation of manufacturing overhead, then cost of goods sold(COGS) is too low and which of the following corrections must be made?A. Decrease COGS for the amount of the under allocationB. Increase COGS for double the amount of the under allocationC. Decrease COGS for double the amount of the under allocation
D. Increase COGS for the amount of the under allocationQuestion 16 of 205.0/ 5.0 PointsWhich term listed below describes costs incurred when the company fails to detect poor quality goods orservices before delivery to the customer?
Question 17 of 205.0/ 5.0 PointsWhich of these documents informs the storeroom to send specific materials to the factory floor?
Question 18 of 205.0/ 5.0 PointsThe predetermined indirect cost allocation rate is computed as:
C. total estimated indirect costs + total estimated amount of the allocation base.D. total amount of the allocation base - total estimated indirect costs.Question 19 of 205.0/ 5.0 PointsIn job costing, the journal entry to record the use of direct materials on jobs is to debit work-in-processinventory and credit:A. raw materials inventory.B. finished goods inventory.C. manufacturing overhead.D. wages payable.
Question 20 of 205.0/ 5.0 PointsThe benefits of using the ABC costing system are higher if the company:
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Term
Winter
Professor
none
Tags
cost allocation rate

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