BSMA 2nd Year- W2
Authored by Junior Philippines Association of Management Accountants BatStateU JPLPC-Malvar
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6 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 2 pts
When job order costing is used, the primary focal point of cost accumulation is the
department.
supervisor.
item.
job.
2.
MULTIPLE CHOICE QUESTION
20 sec • 2 pts
In a job order costing system,
standards cannot be used.
an average cost per unit within a job cannot be computed.
costs are accumulated by departments and averaged among all jobs.
overhead is typically assigned to jobs on the basis of some cost driver.
3.
MULTIPLE CHOICE QUESTION
20 sec • 2 pts
What is the best cost accumulation procedure to use when many batches, each differing as to product specifications, are produced?
job order
process
actual
standard
4.
MULTIPLE CHOICE QUESTION
20 sec • 2 pts
Which of the following could not be used in job order costing?
standards
an average cost per unit for all jobs
normal costing
overhead allocation based on the job's direct labor hours
5.
MULTIPLE CHOICE QUESTION
20 sec • 2 pts
Job order costing and process costing have which of the following characteristics?
A
B
C
D
6.
FILL IN THE BLANK QUESTION
2 mins • 5 pts
Compute the cost of goods sold for the year ended Dec. 31, 2020 using the following figures extracted from the books of PSG.LGD Engineering Co.
NOTE: Write the digits of the numbers on the boxes provided.
(a)
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