Page: 1 2 Question 1. Question : (TCO F) Computing unit product costs involves averaging in Job-Order Costing Process Costing A Yes No B Yes Yes C No Yes D No No Student Answer: Choice A. Choice B. Choice C. Choice D. Instructor Explanation: Chapter 3 Points Received: 0 of 5 Comments: Question 2. Question : (TCO F) Which of the following companies would be most likely to use a job-order costing system rather than a process costing system? Student
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Chapter 5—Job Order Costing MULTIPLE CHOICE 1. Which of the following organizations would be most likely to use a job-order costing system? a. | the loan department of a bank | b. | the check clearing department of a bank | c. | a manufacturer of processed cheese food | d. | a manufacturer of video cassette tapes | ANS: A PTS: 1 DIF: Moderate OBJ: 5-1 NAT: AACSB: Reflective Thinking LOC: AICPA Functional Competencies: Measurement‚ Reporting 2. When
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the total cost per unit under throughput costing? Under throughput costing‚ are product costs higher or lower than with other costing methods? Under throughput costing‚ if the sales price per unit is $20‚ direct materials are $8.00 per unit‚ direct labor is $4.00 per unit‚ variable manufacturing overhead is $6.00 per unit‚ if 20‚000 units are produced‚ how much would the variable costs considered period costs on the income statement under throughput costing be? Direct labor be included as a product
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Financial Accounting 2 Quiz 15-03008FA Name: ____________________________________________ Course & Section: __________________ General Direction: Write your answer on a separate yellow paper. Pass the test paper and answer sheet after completing the exam. Part 1 – Theories – Multiple Choice. 1. Transaction whereby a debtor and creditor may negotiate the terms of a financial liability with the result that the liability is fully or partially extinguished by the debtor issuing equity instruments
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University of Phoenix Material Week Two Quiz Multiple Choice Please choose the correct answer to the following questions. 1. ______D_______ refers to the experience created from stimulating a sense organ. a. Perception b. Stimulus c. Transduction d. Sensation 2. _____D________ refers to the smallest change in sensation that can be detected at least 50% of the time. a. Adaptation b. Weber’s Law c. Difference Threshold d. Absolute Threshold 3. Sensory cells located on
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Multiple Choice (80%) 1. Which of the following is not a category of financial statement ratios? a. Financial leverage. b. Liquidity. c. Profitability. d. Prospectus. 2. An individual interested in making a judgment about the profitability of a company should: a. review the trend of working capital for several years. b. calculate the company’s ROI for the most recent year. c. review the trend of the company’s ROI for several years. d. compare the company’s ROI for the most recent year
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Top That manufactures baseball-style hats. Material is introduced at the beginning of the process in the Cutting Department. Conversion costs are incurred (and allocated) uniformly throughout the process. As the cutting of material is completed‚ the pieces are immediately transferred to the Sewing Department. Data for the Cutting Department for the month of February 2005 follow: Work in process‚ January 31-- 50‚000 units 100% complete for direct materials‚ 40% completed for conversion
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Assisted Living Coordinator Charlotte‚ NC JOB SNAPSHOT Employee Type: Full-Time Location: Charlotte‚ NC Job Type: Health Care‚ Management‚ Nurse Experience: Not Specified Date Posted: 10/30/2014 Not ready to apply‚ but want to stay up-to-date in future job openings? Join our Talent Network for job alerts in your inbox. Stay Connected to Sunrise Senior Living JOB DESCRIPTION As the Assisted Living Coordinator and department leader‚ you will facilitate and lead the Assisted Living Neighborhood
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Week 2 Quiz Instructions: Select the correct answer for each question. You may use this worksheet to highlight the correct answer using the highlight function or simply create a Word Document‚ number from 1-15 and provide the correct letter for each corresponding question. Each question is worth .2 points. 1) What is a credit utilization rate? a. How many open credit accounts you have b. The percentage of all your reported credit accounts that are open accounts c. Your total outstanding balance
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Product costing systems in modern manufacturing organisations Product costing refers to the process of assigning shared direct and indirect costs to individual products‚ customers‚ branches or other cost items. (USAID‚ 2007) Product costing is also referred to as assigning costs to inventory and production based on the expenses that go into producing or buying inventory. It is an important process for manufacturers that helps improves management information on products and helps managers and the
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