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WorksheetsJob Order & Process Costing
Total questions: 20
Worksheet time: 13mins
Which of the following is the correct statement represents job costing
Only includes Prime Cost
To provide selling price of the product
To calculate Cost unit based single job order
To identify the cost of productions
Conversion costs are
direct material plus labour cost
direct labour plus manufacturing overhead
direct materials plus manufacturing overhead
indirect material plus indirect labour
Manufacturing overhead is underapplied if :
actual overhead is less than applied overhead
actual overhead is greater than applied overhead
the predetermined overhead rate equals the actual rate
actual overhead equals applied overhead
Gambar menunjukkan kartu pesanan Jonas Company untuk pesanan tas dengan nomor 245. Berdasarkan kartu pesanan tersebut, tentukan total biaya overhead pabrik (ditandai dengan lingkaran merah) yang dikeluarkan untuk pesanan dengan nomor245 itu.
$ 160
$ 180
$ 150
X Co. menggunakan dasar overhead dengan jam tenaga kerja langsung {jam TKL). Total perkiraan biaya overhead untuk setahun adalah sebesar $ 780,000. Sedangkan total perkiraan biaya TKL adalah $1,820,000 dan total perkiraan jam TKL adalah 260,000. Hitung tarif biaya overhead pabrik (BOP) per jam.
$ 7
$ 3
$ 2,33
A company that uses a job order costing system would make the following entry to record the flow of direct labours into production:
debit Work in Process, credit finished goods
debit Work in Process, credit Manufacturing Overhead.
debit Manufacturing Overhead, credit Direct labours .
debit Work in Process, credit wages payable
Managers and accountants collect most of the cost information that goes into their systems through …….
computer programs
time surveys
an information data bank
source documents
A job cost sheet includes:
Direct materials, direct labor, applied overhead.
Direct materials, direct labor, operating costs.
Direct labor, actual overhead, selling costs.
Direct materials, applied overhead, administrative costs.
A company that uses a job order costing system would make the following entry to record the flow of direct materials into production:
debit Work in Process, credit Cost of Goods Sold.
debit Work in Process, credit Factory Overhead
debit Work in Process, credit Raw Materials Inventory.
debit Factory Overhead, credit Raw Materials Inventory.
Which of the following items is NOT characteristic of a process costing system?
Once production begins, it continues until the finished product emerges
The products produced are heterogeneous in nature
The focus is on continually producing homogeneous products
When the finished product emerges, all units have precisely the same amount of materials, labour and overhead
Equivalent units of production are used to determine the cost per unit of completed products.
True
False
There are no units in process at the beginning of the period, 1,500 units in process at the end of the period that are 40% complete, and 15,000 units transferred out during the period. Based on this information, there were 14,400 equivalent units of production during the period.
True
False
Cinder Company had the following department information for the month:
Total materials costs $ 60,000
Equivalent units of materials 10,000
Total conversion costs $90,000
Equivalent units of conversion costs 20,000
How much is the total manufacturing cost per unit?
$10.50.
$5.00.
$4.50.
$6.00.
If 150,000 units are started into production there was no beginning work in process, and 50,000 units are in process at the end of the period, how many units were completed and transferred out?
150,000.
50,000.
100,000.
200,000.
The total costs accounted for in a production cost report equal the
cost of units completed and transferred out only.
cost of units started into production.
cost of units completed and transferred out plus the cost of ending work in process.
cost of beginning work in process plus the cost of units completed and transferred out.
Lan Largo Sdn Bhd has unit costs of RM10 for materials and RM30 for conversion costs. If there are 2,500 units in ending work in process, 40% complete as to conversion costs and fully complete as to materials cost, the total cost assignable to the ending work in process inventory is:
RM45,000
RM55,000
RM75,000
RM100,000
