For which of the adhering to businesses would a procedure cost mechanism be appropriate?A. Boat repair serviceB. Tradition furniture manufacturerC. DressmakerD. Shampoo manufacturer


You are watching: Process and job order cost systems are similar in all of the following ways except

Process and job order price systems are similar in every one of the adhering to ways exceptA. Both use task order cost cardsB. Both maintain perpetual inventoriesC. Both accumulate product costs—direct materials, direct labor, and factory overheadD. Both allocate product expense to units produced
The price system best suited to sectors that produce a big number of similar units of commodities on a continuous basis isA. Task orderB. First-in, first-outC. DepartmentalD. Process
In process cost accounting, the costs of direct materials and also direct labor are charged straight toA. Job ordersB. Processing departmentsC. Customer accounts D. Receivable
The two categories the cost comprising conversion expenses areA. Direct labor and also indirect laborB. Factory overhead and also direct materialsC. Direct labor and also direct materialsD. Straight labor and also factory overhead
If a company uses a procedure costing device to account because that the prices in its five production departments, how countless work in process accounts will it use?A. 5B. 4C. 2D. 6
Department M had actually 600 systems 60% completed in procedure at the start of June, 6,000 devices completed during June, and 700 units 30% perfect at the finish of June. Making use of the first-in, first-out method of perform costing, what to be the variety of equivalent devices of manufacturing for conversion costs for the period?a. 5,850 unitsb. 5,640 unitsc. 7,300 unitsd. 6,700 units
A form prepared periodically because that each handling department summarizing the units for i m sorry the room is accountable and the systems to be assigned costs and the expenses charged come the department and the allocation the these costs is termed aA. Manufacturing cost reportB. Expense of production reportC. Factory overhead production reportD. Procedure cost report
Department W had 2,400 units, one-third perfect at the start of the period; 16,000 systems were moved to room X from room W during the period; and also 1,800 systems were one-half completed at the finish of the period. Assume the completion ratios apply to direct materials and conversion costs.What is the total variety of units to be assigned expense on the cost of manufacturing report for Department W?a. 13,600 unitsb. 12,000 unitsc. 17,800 unitsd. 18,500 units
The complying with production data were taken from the records of the Finishing Department for June: list in process, June 1 (30% completed) 4,000 systems Completed units during June 65,000 units finishing inventory (60% complete) 7,000 unitsWhat is the number of conversion identical units of manufacturing in the June 30 Finishing room inventory, assuming the the first-in, first-out method is supplied to price inventories?a. 70,400 unitsb. 66,200 unitsc. 4,200 unitsd. 68,000 units
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Fundamental Financial bookkeeping Concepts9th EditionChristopher Edmonds, Frances M McNair, Philip R. Olds, cutting board P. Edmonds
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