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WorksheetsJob, Batch, Service and Contract costing
Total questions: 10
Worksheet time: 5mins
The companies that produce many different products or services usually use:
process costing
job order costing
both process costing and job order costing
none of the above
Which of the following costs is recorded on the job cost sheet?
Direct materials cost
Direct labor cost
Manufacturing overhead cost
All of the above
Job costing used in
paper mills
chemical works
printing works
textile mills
Which of the following would not be classed as a service department?
The assembly department
The maintenance department
The canteen
The finance department
When job is very big and spread over long periods of time the method of costing adopted is
Process
Job
Contract
Batch
In ............. costing the cost of a group of products is ascertained.
Process
Job
Batch
Service
Cost unit in a college may be
teacher
Non teacher staff
Student
Number of departments
Which of the following cost unit application is not correct?
Hotels: guests
Restaurants: meals served
Hospital: doctors
Transport: kilometres
Which of the following is not correct in relation to features of service costing?
A service is provided and consumed immediately.
A service provided is standardized.
A service is intangible in nature.
A service cannot be stored and used later
Which of the following is not correct in terms of features for contract costing?
The work will be of a relatively long duration.
The work is undertaken to customer's specific
requirements.
The price is usually agreed at the end of the contract.
The work is usually site-based.
