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ACC561 ACC/561 Week 3 Quiz

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Question;Question;1;A;major purpose of cost accounting is to;Question;2;The;two basic types of cost accounting systems are;Question;3;A;process cost system would most likely be used by a company that makes;Question;4;Which;of the following would be accounted for using a job order cost system?;Question;5;The;flow of costs in a job order cost system;Question;6;The;entry to record the acquisition of raw materials on account is;Question;7;Time;tickets should be approved by;Question;8;The;labor costs that have been identified as indirect labor should be charged to;Question;9;Manufacturing;overhead is applied to each job;Question;10;A;process cost accounting system is most appropriate when;Question;11;Which;of these best reflects a distinguishing factor between a job order cost system;and a process cost system?;Question 12;In;process cost accounting, manufacturing costs are summarized on a;Question 13;In;a process cost system, product costs are summarized;Question;14;Which;of the following is considered a difference between a job order cost and a;process cost system?;Question;15;The;costs that are easiest to trace directly to products are;Question;16;Often;the most difficult part of computing accurate unit costs is determining the;proper amount of _________ to assign to each product, service, or job;Question;17;The;last step in activity-based costing is to;Question 18;The;first step in activity-based costing is to;Question 19;A;well-designed activity-based costing system starts with;Question;20;An;example of an activity cost pool is

 

Paper#37593 | Written in 18-Jul-2015

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