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ACC561 ACC/561 Week 3 Quiz 20/20




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#77117 | Written in 18-Jul-2015

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