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JOC

Authored by SITI BM

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JOC
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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define Job Order Costing

a form of product costing based on departmental process

a form of specific order costing to meet customer’s special requirements

a form of calculation of cost on work in process

a form of product costing on a continuous basis

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which company is least likely to use a Job Order Costing system?

Homebuilding company

kitchen cabinet company

Food manufacturer

Audit firm

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following source documents is used to record the amount of direct materials on the job cost sheet?

Employee time ticket

Material requisition form

Production cost report

Cash book

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A company is more likely to use a job order cost system if

it manufactures a large volume of similar products

its production is continuous

it manufactures product with unique characteristics

it uses a periodic inventory system

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The source of information for assigning costs to job cost sheets are :

invoices, time ticket and predetermined overhead rate

materials requisition form, time tickets and the actual overhead costs

materials requisition form, payroll register and the predetermined overhead rate

materials requisition form, time tickets and the predetermined overhead rate

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Job order costing is used by the companies that manufactured homogeneous products.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which company would most likely use job order costing?

Service Company

Beverage Company

Oil Company

Cereal Company

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