
JOC
Quiz
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Education
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University
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Medium
SITI BM
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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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