09052024

09052024

University

5 Qs

quiz-placeholder

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TOPIC 3_BASIC VARIANCE

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09052024

09052024

Assessment

Quiz

Other

University

Easy

Created by

Siqi Fan

Used 3+ times

FREE Resource

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Job order costing would be used for all of the following except:

Production of custom wedding invitations.

Production of standard running shoes.

Production of a Pixar movie.

Conducting an audit.

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A company makes bikes from recycled metal. For a recent job lot of 200 bikes, the company incurred direct materials costs of $6,000 and direct labor costs of $2,000. Factory overhead applied to this job is $9,000. What is the total manufacturing cost of this job lot?

$8,000

$9,000.

$15,000.

$17,000.

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The two basic types of cost accounting systems are:

Job order costing and process costing.

Job order costing and perpetual costing.

Job order costing and periodic costing.

Job order costing and customized service costing.

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A company makes bikes from recycled metal. For a recent job lot of 200 bikes, the company incurred direct materials costs of $6,000 and direct labor costs of $2,000. Factory overhead applied to this job is $9,000. What is the cost per bike?

$85

$75.

$55.

$70.

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Information about which of the following items is not covered on a job cost sheet?

The direct materials costs assigned to the job.

The overhead costs assigned to the job.

General and administrative expenses.

The name of the customer.