Additional Multiple Choice Questions
110.A process cost system would be used by all of the following except a(n) a. chemical company.
d.computer chip company.
111.Which of the following is considered a difference between a job order cost and a process cost system?
a.The manufacturing cost elements
b.Documents used to track costs
c.The accumulation of the costs of materials, labor, and overhead
d.The flow of costs
112.The basic similarities between job order cost and process cost systems include all of the following except the
a.manufacturing cost elements.
b.flow of costs.
c.point at which costs are totaled.
d.accumulation of the costs of materials, labor, and overhead.
113 A primary driver of overhead costs in continuous manufacturing operations is a. direct labor hours.
b.direct labor costs.
d.number of units.
114.Total physical units to be accounted for are equal to the units a. started (or transferred) into production.
b.started (or transferred) into production plus the units in beginning work in process.
c.started (or transferred) into production less the units in beginning work in process.
d.completed and transferred out.
115.In computing equivalent units, ___________ is not part of the equivalent units of production formula.
a.units transferred out
b.beginning work in process
c.ending work in process
d.None of these is correct.
116.In Saint-Simon, Inc., the Assembly Department started 12,000 units and completed 14,000 units. If beginning work in process was 6,000 units, how many units are in ending work in process?
117.The total units to be accounted for is computed by adding a. beginning units in process to units transferred out.
b.ending units in process to units started into production.
c.beginning units in process to units started into production.
d.ending units in process to total units accounted for.
118.In the Camria Company, materials are entered at the beginning of the process. If there is no beginning work in process, but there is an ending work in process inventory, the number of equivalent units as to materials costs will be
a.the same as the units started.
b.the same as the units completed.
c.less than the units started.
d.less than the units completed.
119.For the Assembly Department, unit materials cost is $8 and unit conversion cost is $12. If there are 6,000 units in ending work in process 75% complete as to conversion costs, the costs to be assigned to the inventory are
120.The total costs accounted for in a production cost report equal the a. cost of units completed and transferred out only.
b.cost of units started into production.
c.cost of units completed and transferred out plus the cost of ending work in process.
d.cost of beginning work in process plus the cost of units completed and transferred out.
121.In a production cost report, which one of the following sections is not shown under Costs? a. Unit costs
b.Costs to be accounted for
c.Costs during the period
d.Units accounted for
122.Which of the following statements is incorrect concerning just-in-time (JIT) processing? a. U.S. firms are switching to JIT processing in response to foreign competition.
b.JIT manufacturing is dedicated to producing the right products at the right time as they are needed.
c.JIT strives to eliminate inventories by using a “push” approach in manufacturing.
d.JIT accounting creates a Raw and In-Process Inventory account.
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