Chapter 2: Job Order Costing
Accounting firms, building contractors, and healthcare providers are companies that use job order costing.
EOC Ref: S2-1
AACSB: Reflective Thinking
AICPA Business Perspective Competenci
Basic Cost Management Concepts and Accounting for Mass Customization
True / False Questions
1. Inventoriable costs are expensed when incurred.
2. Finished goods inventory is ordinarily held for sale by a manufacturing comp
EXERCISE 2-28 (20 MINUTES)
Tire costs: Product cost, variable, direct material
Sales commissions: Period cost, variable
Wood glue: Product cost, variable, either direct material or manufacturing overhead
(i.e., indirect material) depending on how
Principles of Managerial Accounting
Take Home Quiz 1
Which function involves comparing actual results with planned results?
Organizing and developing
COMPREHENSIVE EXAMINATION B
Problem B-I - Multiple Choice - Cash and Receivables. Choose the best answer for each of the following questions and enter the identifying letter in the space provided. _ 1. When should the loss on an uncol
COMPREHENSIVE EXAMINATION F
F-I F-II F-III F-IV F-V
Multiple Choice Questions. Statement of Cash Flows. Accounting Changes, Error Corrections, and Prior Period Adjustments. *Analysis of Financial Statements. Segment R
COMPREHENSIVE EXAMINATION E
E-I E-II E-III E-IV E-V
Long-Term Contracts. Installment Sales Method. Deferred Income Taxes. Pensions. Leases.
15 min. 20 min. 25 min. 15 min. 25 min. 100 min.
COMPREHENSIVE EXAMINATION C
Problem C-I - Multiple Choice - Tangible and Intangible Assets. Choose the best answer for each of the following questions and enter the identifying letter in the space provided. _ 1. When the sum-of-the-
COMPREHENSIVE EXAMINATION A
Problem A-I - Multiple Choice. Choose the best answer for each of the following questions and enter the identifying letter in the space provided. _ 1. How does failure to record accrued revenue distort the
VALUATION OF INVENTORIES: A COST-BASIS APPROACH
IFRS questions are available at the end of this chapter.
T F F F T T F T F T T F F T T F F T F T
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19.