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1 Student Name: _________________________ Administrative Notes: You may use a calculator, your online textbooks, and anything posted in your LEO...

I need help with the attached assignment. The assignment is due on Friday 4/29. Thank you in advanced

1 Student Name: _________________________ Administrative Notes: You may use a calculator, your online textbooks, and anything posted in your LEO classroom. Write directly on this quiz. You should download the quiz, save, complete and upload in LEO Assignment Folder as Word or Excel ( no pdf please ). The quiz will not be timed but it is due by Sunday, 5/1/16, @ 11:59PM. Late submissions will be penalized per school’s policy. This quiz is to be completed without the assistance of any other person . Please read and sign/type name in box below. I pledge on my honor that I have not given or received any unauthorized assistance on this examination. In addition, I pledge that I will not disclose to, or discuss the contents of this examination with, students who have not taken it. _________________________________________________________________________ Signed (should type name) Please answer all 18 multiple choice questions and 4 problems. 1. A process cost system would be used for a. advertising b. cereal. c. patient healthcare. d. motion pictures. 2. When computing the predetermined overhead rate, the following are used a. actual monthly costs and actual annual activity. b. estimated monthly costs and actual monthly activity. c. estimated annual costs and expected annual activity. d. estimated annual costs and actual activity 3. Manufacturing overhead costs that are assigned to production in a process cost system are debited to a. the Finished Goods Inventory account. b. Cost of Goods Sold. c. the Work in Process account d. a Manufacturing Overhead account. 4. Small amounts of lubricant used in the production process of an auto manufacturer is classified as a(n) a. indirect material b. period cost. c. direct material. d. miscellaneous expense
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2 5. In assigning accumulated costs to the Work In Process Account, all of the following would be entries except : a. raw materials are used. b. the purchase of raw materials. c. overhead is applied. d. factory labor is used. 6. The management function that requires managers to ensure that various departmental activities are coordinated. a. controlling. b. planning c. directing. d. constraining. 7. In job costing, how does a company account for indirect materials? a. It is added to work in process as used. b. It remains part of raw materials inventory. . c. It is transferred out of raw materials into work in process as used d. It is transferred out of raw materials into manufacturing overhead when used 8. When there is an increase in automation there is a decline in which component of product cost? a. Direct labor b. Direct materials c. Manufacturing overhead d. Advertising 9.. Cinder Company had the following department information for the month: Total materials costs $ 80,000 Equivalent units of materials 10,000 Total conversion costs $120,000 Equivalent units of conversion costs 12,000 How much is the total manufacturing cost per unit? a. $8 b $15.50 c. $18 d. $10.00. 10. A source document that is used in assigning cost to the job cost sheet? a. Materials requisition slip b. Raw materials receiving slips. c. Materials purchase orders. d. Finished goods shipping documents.
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CURRENT QUIZ For Students.docx

1
Student Name: _________________________
Administrative Notes: You may use a calculator, your online textbooks, and anything posted in your LEO
classroom. Write directly on this quiz. You should...

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