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ACCT 3130 Chapter 17

Authored by J Nope

Business

KG

Used 6+ times

ACCT 3130 Chapter 17
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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

____ involve distinct, identifiable units of a product or service. Some examples include custom-made machines and houses.

Job-Costing Systems

Process-Costing Systems

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

____ involve mass production; masses of identical or similar units of a product or service. Some examples include food and chemical processing

Job-Costing Systems

Process-Costing Systems

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

____ assigns total costs to many identical or similar units of output.

Job-Costing Systems

Process-Costing Systems

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

___ are computed by dividing total costs incurred by the number of units of output from the production process.

5.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Each unit receives the same or similar amounts of manufacturing cost. Manufacturing cost includes:

Direct Materials Cost

Direct Labor Cost

Manufacturing Overhead

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

____ separate costs into cost categories according to when costs are introduced into the process.

Job-Costing Systems

Process-Costing Systems

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

___ are usually added at the beginning of the production process, or at the start of work in a subsequent department down the assembly line.

Direct Material Costs

Direct Labor Costs

Manufacturing Overhead Costs

Conversion Costs

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