
FAQ Topic 7&8
Authored by suzana hezir
Other
University
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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Process cost accounting focuses on the process involved in mass-producing products that are very similar in nature.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A job order cost system identifies costs with a particular job rather than with a set time period.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The assignment of the three manufacturing cost elements to Work in Process in a process cost system is the same as in a job order cost system.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
There should be a separate job cost sheet for each job.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One similarity of process cost accounting with job order cost accounting is that both determine total manufacturing costs after each job.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A process cost system would most likely be used by a company that makes
motion pictures
repairs to automobiles
breakfast cereal
college graduation announcements
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Differences between a job order cost system and a process cost system include all of the following except the
documents used to track costs
point at which costs are totaled
unit cost computations
flow of costs
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