成本管理会计练习chap05

Chapter 5
1. Manufacturing companies use job-order costing and service companies use process costing. a. True b. False
2. A automobile body shop will use job-order costing. a. True b. False
3. Information in job cost sheets includes actual materials, actual labor, and actual overhead. a. True b. False
4. The source document used to assign direct materials to a job is the job cost sheet. a. True b. False
5. Indirect materials are not assigned to a specific job but are included in manufacturing overhead. a. True b. False
6. Overhead is applied to jobs using a predetermined overhead rate. a. True b. False
7. Job-order costing only uses the functional-based costing system to assign
overhead. a. True b. False
8. When a job is started and materials worth $150 are issued to the job, this information is recorded in the job cost sheet. The $150 will flow through work in process. a. True b. False
9. If a company applies overhead to jobs on the basis of a predetermined overhead rate, an unfavorable variance at the end of any period means that the
overhead charged to jobs for the period is more than the actual overhead cost for the period. a. True b. False
10. Both work in process and finished inventories are carried at normal cost. a. True b. False
11. When is job-order costing used? a. products or services are homogeneous b. wide variety of distinct products or services c. costs are accumulated by process.
d. all of the above
12. Process costing would more likely used by which type of company? a.
construction b. clothing manufacturer c. airplane d. chemical
13. When direct labor is performed for each job, the cost of direct labor first flows through: a. manufacturing overhead b. work in process
c. finished goods
d. cost of goods sold
14. Which of the following serves as a subsidiary ledger to support work in
process? a. materials requisition form b. job time tickets c. job-order cost sheet d. inventory ledger
15. Ditwell Company has a predetermined overhead rate of $1.25 per direct labor hour. The actual direct labor hours for the year were 10,500 hours and the actual overhead costs incurred were $13,120. The amount of the variance should be closed to: a. manufacturing overhead b. work in process c. cost of goods sold d. all of the above 13125
16. Loomis Company applies overhead to jobs on the basis of $15 per direct labor hour. If Job 983 shows $9,825 of manufacturing overhead applied, how many direct labor hours did Job 983 used?
a. 655 hours
b. 700 hours
c. 147 hours
d. 600 hours
17. Digger Manufacturing uses a job-order cost system. The following data were recorded for June:
Overhead is charged to production at 50% of the direct labor cost. Job 233 and 235 are completed and have been delivered to the customer. D igger’s
work-in-process inventory balance on June 30 was:
a. $2,575
b. $925
c. $1,075
d. $700
18. Digger Manufacturing uses a job-order cost system. The following data were recorded for June:
Overhead is charged to production at 50% of the direct labor cost. Job 233 and 235 are completed and have been delivered to the customer. How much overhead was applied in the month of June?
a. $600
b. $300
c. $150
d. $200
19. The Lawdie Company has the following inventory balances at the beginning and the end of the month of November:
If $15,000 in raw materials were purchased during the month, compute the amount of direct materials used during November were: a. $18,000 b. $9,000 c. $11,000 d. $16,000
20. During the month of May, Job 266 was completed and delivered to the customer. The total cost of Job 266 amounted to $450. The entry to record the sale of would include :
a. debit to Finished Goods
b. debit to Cost of Goods Sold
c. credit to Work in Process
d. debit to Sales。