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4,7 COST ACCOUNTING
24問 • 1年前
  • Shiela Caber
    • 通報

    問題一覧

  • 1

    Under the job-cost system, purchases of direct materials are debited to:

    materials

  • 2

    Under the job-cost system, issues of direct materials from the warehouse are debited to:

    work in process control

  • 3

    In job order costing, what journal entry should be made for the return to the stock room of direct materials previously issued to production for use on a particular job?

    debit materials and credit work in process

  • 4

    Under a job order costing system, the peso amount of the entry involved in the transfer of inventory from work in process to finished goods is the sum of the costs charge to all jobs:

    completed during the period

  • 5

    In a job-order costing system, indirect labor used should be debited to:

    factory overhead control

  • 6

    Which of the following is the basic document used to accum ulate the cost of each order in job order costing?

    job cost sheet

  • 7

    What is the best cost accumulation procedure when many batches, each differing as the product specification are produced?

    job order

  • 8

    The most common treatment of under/over applied overhead is too close it to:

    cost of goods sold

  • 9

    What accounts would be debited and credited when the direct materials are purchased on account? Debit Credit

    Materials Accounts Payable/Cash

  • 10

    What accounts would be debited and credited when the wages for indirect laborers are recorded? Debit Credit

    Factory Overhead Payroll

  • 11

    A materials requisition from normally does not contain which of the following?

    vendors name

  • 12

    A job order sheet normally does not contain which of the following?

    applied factory overhead

  • 13

    Under a job order costing system, the cost of the direct materials, direct labor and factory overhead must first flow through the?

    work in process account

  • 14

    The unit cost of a product, under job order costing can be determined only?

    upon completion of a job

  • 15

    Under an effective internal control system, the authorization for issuing materials is made through?

    the materials are received

  • 16

    Manufacturing overhead applied was P 240,000 while actual overhead incurred was P 248,000. Which of the following is always true of the above?

    overhead was under applied by P8,000

  • 17

    Depreciation based on the number of units produced would be classified as what type of cost?

    variable

  • 18

    The only method of allocating service department costs to producing departments that consider reciprocal services is called the

    algebraic method

  • 19

    In the determination of factory overhead application rates, the numerator of the formula is the

    estimated factory overhead for the next period

  • 20

    The variable factory overhead application rate under the normal,practical and expected activity levels would be the same

    for all three activity level

  • 21

    Which productive capacity level does not consider product demand, but at the same time accounts for anticipated and avoidable interruptions in production?

    theoretical or maximum productive capacity

  • 22

    Which productive capacity level is based on estimated production for the next period

    expected productive capacity

  • 23

    Which of the following describes a part of the step method of allocation?

    once an allocation is made from one service department, no further a location is made to this department

  • 24

    Which of the following is not true of the methods of allocating service department costs to user departments?

    a cause-and-effect basis is the preferred method of allocation

    • MONETARY REVIEWER LESSON 1

    MONETARY REVIEWER LESSON 1

    Shiela Caber · 11問 · 12ヶ月前

    MONETARY REVIEWER LESSON 1

    MONETARY REVIEWER LESSON 1

    11問 • 12ヶ月前
    Shiela Caber

    STRAT MIDTERM EXAM

    STRAT MIDTERM EXAM

    Shiela Caber · 55問 · 1年前

    STRAT MIDTERM EXAM

    STRAT MIDTERM EXAM

    55問 • 1年前
    Shiela Caber

    TAXATION MIDTERM EXAM

    TAXATION MIDTERM EXAM

    Shiela Caber · 42問 · 1年前

    TAXATION MIDTERM EXAM

    TAXATION MIDTERM EXAM

    42問 • 1年前
    Shiela Caber

    BANKING (5-6)

    BANKING (5-6)

    Shiela Caber · 24問 · 1年前

    BANKING (5-6)

    BANKING (5-6)

    24問 • 1年前
    Shiela Caber

    PERSONAL FINANCE QUIZ

    PERSONAL FINANCE QUIZ

    Shiela Caber · 13問 · 1年前

    PERSONAL FINANCE QUIZ

    PERSONAL FINANCE QUIZ

    13問 • 1年前
    Shiela Caber

    BANKING REVIEWER

    BANKING REVIEWER

    Shiela Caber · 100問 · 1年前

    BANKING REVIEWER

    BANKING REVIEWER

    100問 • 1年前
    Shiela Caber

    1,2, 2.2, 3 COST ACCOUNTING MIDTERM

    1,2, 2.2, 3 COST ACCOUNTING MIDTERM

    Shiela Caber · 55問 · 1年前

    1,2, 2.2, 3 COST ACCOUNTING MIDTERM

    1,2, 2.2, 3 COST ACCOUNTING MIDTERM

    55問 • 1年前
    Shiela Caber

    1 REVIEWER IN TREASURY MANAGEMENT

    1 REVIEWER IN TREASURY MANAGEMENT

    Shiela Caber · 59問 · 1年前

    1 REVIEWER IN TREASURY MANAGEMENT

    1 REVIEWER IN TREASURY MANAGEMENT

    59問 • 1年前
    Shiela Caber

    RISK MANAGEMENT

    RISK MANAGEMENT

    Shiela Caber · 58問 · 1年前

    RISK MANAGEMENT

    RISK MANAGEMENT

    58問 • 1年前
    Shiela Caber

    TQM

    TQM

    Shiela Caber · 53問 · 1年前

    TQM

    TQM

    53問 • 1年前
    Shiela Caber

    Lesson 1

    Lesson 1

    Shiela Caber · 32問 · 1年前

    Lesson 1

    Lesson 1

    32問 • 1年前
    Shiela Caber

    Lesson 2-3

    Lesson 2-3

    Shiela Caber · 62問 · 1年前

    Lesson 2-3

    Lesson 2-3

    62問 • 1年前
    Shiela Caber

    Lesson 4

    Lesson 4

    Shiela Caber · 26問 · 1年前

    Lesson 4

    Lesson 4

    26問 • 1年前
    Shiela Caber

    MONETARY REVIEWER LESSON 2

    MONETARY REVIEWER LESSON 2

    Shiela Caber · 18問 · 12ヶ月前

    MONETARY REVIEWER LESSON 2

    MONETARY REVIEWER LESSON 2

    18問 • 12ヶ月前
    Shiela Caber

    VENTURE CAPITAL REVIEWER LESSON 1

    VENTURE CAPITAL REVIEWER LESSON 1

    Shiela Caber · 10問 · 12ヶ月前

    VENTURE CAPITAL REVIEWER LESSON 1

    VENTURE CAPITAL REVIEWER LESSON 1

    10問 • 12ヶ月前
    Shiela Caber

    VENTURE CAPITAL REVIEWER LESSON 2

    VENTURE CAPITAL REVIEWER LESSON 2

    Shiela Caber · 24問 · 12ヶ月前

    VENTURE CAPITAL REVIEWER LESSON 2

    VENTURE CAPITAL REVIEWER LESSON 2

    24問 • 12ヶ月前
    Shiela Caber

    問題一覧

  • 1

    Under the job-cost system, purchases of direct materials are debited to:

    materials

  • 2

    Under the job-cost system, issues of direct materials from the warehouse are debited to:

    work in process control

  • 3

    In job order costing, what journal entry should be made for the return to the stock room of direct materials previously issued to production for use on a particular job?

    debit materials and credit work in process

  • 4

    Under a job order costing system, the peso amount of the entry involved in the transfer of inventory from work in process to finished goods is the sum of the costs charge to all jobs:

    completed during the period

  • 5

    In a job-order costing system, indirect labor used should be debited to:

    factory overhead control

  • 6

    Which of the following is the basic document used to accum ulate the cost of each order in job order costing?

    job cost sheet

  • 7

    What is the best cost accumulation procedure when many batches, each differing as the product specification are produced?

    job order

  • 8

    The most common treatment of under/over applied overhead is too close it to:

    cost of goods sold

  • 9

    What accounts would be debited and credited when the direct materials are purchased on account? Debit Credit

    Materials Accounts Payable/Cash

  • 10

    What accounts would be debited and credited when the wages for indirect laborers are recorded? Debit Credit

    Factory Overhead Payroll

  • 11

    A materials requisition from normally does not contain which of the following?

    vendors name

  • 12

    A job order sheet normally does not contain which of the following?

    applied factory overhead

  • 13

    Under a job order costing system, the cost of the direct materials, direct labor and factory overhead must first flow through the?

    work in process account

  • 14

    The unit cost of a product, under job order costing can be determined only?

    upon completion of a job

  • 15

    Under an effective internal control system, the authorization for issuing materials is made through?

    the materials are received

  • 16

    Manufacturing overhead applied was P 240,000 while actual overhead incurred was P 248,000. Which of the following is always true of the above?

    overhead was under applied by P8,000

  • 17

    Depreciation based on the number of units produced would be classified as what type of cost?

    variable

  • 18

    The only method of allocating service department costs to producing departments that consider reciprocal services is called the

    algebraic method

  • 19

    In the determination of factory overhead application rates, the numerator of the formula is the

    estimated factory overhead for the next period

  • 20

    The variable factory overhead application rate under the normal,practical and expected activity levels would be the same

    for all three activity level

  • 21

    Which productive capacity level does not consider product demand, but at the same time accounts for anticipated and avoidable interruptions in production?

    theoretical or maximum productive capacity

  • 22

    Which productive capacity level is based on estimated production for the next period

    expected productive capacity

  • 23

    Which of the following describes a part of the step method of allocation?

    once an allocation is made from one service department, no further a location is made to this department

  • 24

    Which of the following is not true of the methods of allocating service department costs to user departments?

    a cause-and-effect basis is the preferred method of allocation