Quizziz-Chapter 2 Job-Order Costing

Quizziz-Chapter 2 Job-Order Costing

12th Grade

20 Qs

quiz-placeholder

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Quizziz-Chapter 2 Job-Order Costing

Quizziz-Chapter 2 Job-Order Costing

Assessment

Quiz

Computers

12th Grade

Hard

Created by

Steven Howard

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20 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 2 pts

Explain the concept of actual overhead.

Usually made by management based on past experience

Overhead that incurred during production in a certain period of time

The amount of overhead that is estimated before the production start

Known as indirect manufacturing costs

2.

MULTIPLE CHOICE QUESTION

20 sec • 2 pts

Explain the concept of applied overhead.

The amount of direct manufacturing cost actually incurred involved in certain period of time.

Planned manufacturing overhead cost.

Scheduled manufacturing cost, actual overhead cost is still unknown.

Estimated overhead based on actual activity level

3.

MULTIPLE CHOICE QUESTION

20 sec • 2 pts

What are the components of actual costing system?

Actual Direct Material + Actual Direct Labour + Applied Manufacturing Overhead.

Actual Direct Material + Actual Direct Labour

Actual Direct Material + Actual Direct Labour + Actual Manufacturing Overhead.

Applied Direct Material + Applied Direct Labour + Applied Manufacturing Overhead.

4.

MULTIPLE CHOICE QUESTION

20 sec • 2 pts

Which company might not apply job order costing?

Aircrafts at Boeing

Audit process at Price Waterhouse Coopers

Movies produced by Universal Studios

Beverage production by Pepsi

5.

MULTIPLE CHOICE QUESTION

20 sec • 2 pts

All characteristics of job-order costing except,

Homogeneous products.

Wide variety of distinct products.

Costs accumulated by job.

Cost per unit computed by dividing total or department job costs by units produced on that job.

6.

MULTIPLE CHOICE QUESTION

20 sec • 2 pts

A job cost sheet includes,

Direct materials, applied overhead, administrative costs.

Direct materials, direct labor, applied overhead.

Direct labor, actual overhead, selling costs.

Direct materials, direct labor, operating costs.

7.

MULTIPLE CHOICE QUESTION

20 sec • 2 pts

A source document that production managers use to request materials for production and that is used to assign materials costs to specific jobs or to overhead is a:

Job Cost Sheet

Production Order

Materials Requisition

Materials Purchase Order

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