ACC 561 ACC561 Week 3 Assignment Practice Quiz Answers (PHOENIX)

ACC 561 ACC561 Week 3 Assignment Practice Quiz Answers (PHOENIX)

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ACC 561 Week 3 Assignment Practice Quiz

Multiple Choice Question 37

 

A major purpose of cost accounting is to

Multiple Choice Question 38

The two basic types of cost accounting systems are

Multiple Choice Question 39

A process cost system would most likely be used by a company that makes

Multiple Choice Question 40

Which of the following would be accounted for using a job order cost system?

Multiple Choice Question 45

 

The flow of costs in a job order cost system

Multiple Choice Question 60

The entry to record the acquisition of raw materials on account is

Multiple Choice Question 73

Time tickets should be approved by

Multiple Choice Question 89

The labor costs that have been identified as indirect labor should be charged to

Multiple Choice Question 90

Manufacturing overhead is applied to each job

Multiple Choice Question 38

A process cost accounting system is most appropriate when

Multiple Choice Question 43

Which of these best reflects a distinguishing factor between a job order cost system and a process cost system?

Multiple Choice Question 47

In process cost accounting, manufacturing costs are summarized on a

Multiple Choice Question 49  

In a process cost system, product costs are summarized:

Multiple Choice Question 136

Which of the following is considered a difference between a job order cost and a process cost system?

Multiple Choice Question 35

The costs that are easiest to trace directly to products are

Multiple Choice Question 36

Often the most difficult part of computing accurate unit costs is determining the proper amount of _________ to assign to each product, service, or job.

Multiple Choice Question 49

The last step in activity-based costing is to

Multiple Choice Question 50

The first step in activity-based costing is to

Multiple Choice Question 51

A well-designed activity-based costing system starts with

Multiple Choice Question 53

An example of an activity cost pool is


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