Question

1. LO 41 Which of the following product situations is better suited to job order costing than to process conting? A Each product batch is exactly the same as the prior batch B. The costs are easily traced to a specific product. C. Costs are accumulated by department D. The value of work in process is based on assigning standard costs. 2. LO 41 A job order costing system is most likely used by which of the following? A. a pet food manufacturer B. a paper manufacturing company C. an accounting firm specializing in tax returns D. a stereo manufacturing company 3. LO 41 Which of the following is a prime cost? A. indirect materials B. direct labor C. administrative expenses D.factory depreciation expenses 4. LO 41 Which of the following is a conversion cost? A raw materials B. direct materials C. administrative expenses D.factory depreciation expenses 5. LO 4.1 During production, to what are the costs in job order costing applied? A manufacturing overhead B. cost of goods sold C. each individual product D. each individual department 6. LO 4.2 Which document lists the inventory that will be removed from the raw materials inventory? Ao cost sheet B. purchase order C. materials requisition form D. receiving document 7. LO 4 2 Which document shows the cost of direct materials direct labor, and overhead applied for each specific job? Ao cost sheet B. purchase order C. materials requisition form D. receiving document 8. LO 4.2 Which document lists the total direct materials used in a specific job? A job cost sheet B. purchase order C. materials requisition form D. receiving document 9. LO 42 Which documentists the total direct labor used in a specific job? A job cost sheet B. purchase order C. employee time ticket D. receiving document

Answer 1

Solution - 9oooooo TA (B) LAJ (B) (A) (A ) July (A)

Answer 2

A: The costs are easily traced to specific product