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g g g g g g g g g
Chapter 02 g
Job Order Costing
g g g
Trueg/gFalsegQuestions
1. Agmarketinggconsultinggfirmgwouldgmostglikelygusegprocessgcosting.
True False
2. Whengjobgordergcostinggisgused,gcostsgaregaccumulatedgongagjobgcostgsheet.
True False
3. Processgcostinggaveragesgthegtotalgcostgofgthegprocessgovergthegnumbergofgunitsgproduced.
True False
4. Sourcegdocumentsgaregusedgtogassigngallgmanufacturinggcostsgtogjobs.
True False
5. Agmaterialsgrequisitiongformgisgusedgtogauthorizegthegpurchasegofgdirectgmaterials.
True False
6. Agjobgcostgsheetgwillgrecordgthegdirectgmaterialsgandgdirectglaborgusedgbygthegjobgbutgnotgthe
gmanufacturinggoverheadgapplied.
True False
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g g g g g g g g g
7. Agpredeterminedgoverheadgrategisgcalculatedgbygdividinggestimatedgtotalgmanufacturinggoverhead
gcostgbygestimatedgtotalgcostgdriver.
True False
8. Indirectgmaterialsgaregrecordedgdirectlygongthegjobgcostgsheet.
True False
9. Whengmanufacturinggoverheadgisgappliedgtogagjob,gagcreditgisgmadegtogthegWorkgingProcess
gaccount.
True False
10. Thegtotalgmanufacturinggcostgforgagjobgisgbasedgongthegamountgofgappliedgoverheadgusinggthe
gpredeterminedgoverheadgrate.
True False
11. IfgtheregisgagdebitgbalancegingthegManufacturinggOverheadgaccountgatgthegendgofgthegperiod,
goverheadgwasgunderapplied.
True False
12. ThegmostgcommongmethodgforgdisposinggofgthegbalancegingManufacturinggOverheadgisgtogmakega
gdirectgadjustmentgtogCostgofgGoodsgSold.
True False
13. Togeliminategunderappliedgoverheadgatgthegendgofgthegyear,gManufacturinggOverheadgwouldgbe
gdebitedgandgCostgofgGoodsgSoldgwouldgbegcredited.
True False
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g g g g g g g g g
14. Thegtotalgamountgofgcostgassignedgtogjobsgthatgweregcompletedgduringgthegyeargisgthegcostgof
ggoodsgsold.
True False
15. Ingagservicegfirm,gthegcostgassociatedgwithgtimegthatgemployeesgspendgongtraining,gpaperwork,gand
gsupervisiongisgconsideredgpartgofgmanufacturinggoverhead.
True False
Multipleg Choiceg Questions
16. Whichgofgthegfollowinggtypesgofgfirmsgwouldgmostglikelygusegprocessgcosting?
A. SuperiorgAutogBodyg&gRepair
B. CrammondgCustomgCabinets
C. SunshinegSoftgDrinks
D. Jacksong&gTaylorgTaxgService
17. Whichgofgthegfollowinggtypesgofgfirmsgwouldgmostglikelygusegjobgordergcosting?
A. Happy-OhgCerealgCompany
B. Huey,gLeweyg&gDewie,gAttorneys
C. SoooSweetgBeverage
D. C-5gCementgCompany
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18. Whichgofgthegfollowinggisgagcharacteristicgofgagmanufacturinggenvironmentgthatgwouldgusegjobgorder
gcosting?
A. Standardizedgproductiongprocess
B. Continuousgmanufacturing
C. Homogenousgproducts
D. Differentiatedg products
19. Whichgofgthegfollowinggstatementsgisgcorrect?
A. Companiesgmustgchoosegtogusegeithergjobgordergcostinggorgprocessgcosting;gtheregisgnogoverlap
gbetweengthegtwogsystems.
B. Companiesgalwaysgusegjobgordergcostinggunlessgitgisgprohibitivelygexpensive.
C. Companiesgalwaysgusegprocessgcostinggunlessgitgisgprohibitivelygexpensive.
D. Companiesgoftengprovidegproductsgandgservicesgthatghavegbothgcommongandgunique
g characteristics,gsogtheygmaygusegagblendgofgjobgordergandgprocessgcosting.
20. Thegcostgofgmaterialsgusedgongagspecificgjobgisgfirstgcapturedgongwhichgsourcegdocument?
A. Costgdrivergsheet
B. Materialsgrequisitiongform
C. Laborgtimegticket
D. Processgcostgsheet
21. Thegsourcegdocumentgthatgcapturesghowgmuchgtimegagworkerghasgspentgongvariousgjobsgduringgthe
gperiodgisga:
A. costgdrivergsheet.
B. materialsgrequisitiongform.
C. laborgtimegticket.
D. jobgcostgsheet.
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HillgEducation.gAllgrightsgreserved.gNogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofg McGraw-HillgEducation.
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g g g g g g g g g
Chapter 02 g
Job Order Costing
g g g
Trueg/gFalsegQuestions
1. Agmarketinggconsultinggfirmgwouldgmostglikelygusegprocessgcosting.
True False
2. Whengjobgordergcostinggisgused,gcostsgaregaccumulatedgongagjobgcostgsheet.
True False
3. Processgcostinggaveragesgthegtotalgcostgofgthegprocessgovergthegnumbergofgunitsgproduced.
True False
4. Sourcegdocumentsgaregusedgtogassigngallgmanufacturinggcostsgtogjobs.
True False
5. Agmaterialsgrequisitiongformgisgusedgtogauthorizegthegpurchasegofgdirectgmaterials.
True False
6. Agjobgcostgsheetgwillgrecordgthegdirectgmaterialsgandgdirectglaborgusedgbygthegjobgbutgnotgthe
gmanufacturinggoverheadgapplied.
True False
2-1
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HillgEducation.gAllgrightsgreserved.gNogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofg McGraw-HillgEducation.
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g g g g g g g g g
7. Agpredeterminedgoverheadgrategisgcalculatedgbygdividinggestimatedgtotalgmanufacturinggoverhead
gcostgbygestimatedgtotalgcostgdriver.
True False
8. Indirectgmaterialsgaregrecordedgdirectlygongthegjobgcostgsheet.
True False
9. Whengmanufacturinggoverheadgisgappliedgtogagjob,gagcreditgisgmadegtogthegWorkgingProcess
gaccount.
True False
10. Thegtotalgmanufacturinggcostgforgagjobgisgbasedgongthegamountgofgappliedgoverheadgusinggthe
gpredeterminedgoverheadgrate.
True False
11. IfgtheregisgagdebitgbalancegingthegManufacturinggOverheadgaccountgatgthegendgofgthegperiod,
goverheadgwasgunderapplied.
True False
12. ThegmostgcommongmethodgforgdisposinggofgthegbalancegingManufacturinggOverheadgisgtogmakega
gdirectgadjustmentgtogCostgofgGoodsgSold.
True False
13. Togeliminategunderappliedgoverheadgatgthegendgofgthegyear,gManufacturinggOverheadgwouldgbe
gdebitedgandgCostgofgGoodsgSoldgwouldgbegcredited.
True False
2-2
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HillgEducation.gAllgrightsgreserved.gNogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofg McGraw-HillgEducation.
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g g g g g g g g g
14. Thegtotalgamountgofgcostgassignedgtogjobsgthatgweregcompletedgduringgthegyeargisgthegcostgof
ggoodsgsold.
True False
15. Ingagservicegfirm,gthegcostgassociatedgwithgtimegthatgemployeesgspendgongtraining,gpaperwork,gand
gsupervisiongisgconsideredgpartgofgmanufacturinggoverhead.
True False
Multipleg Choiceg Questions
16. Whichgofgthegfollowinggtypesgofgfirmsgwouldgmostglikelygusegprocessgcosting?
A. SuperiorgAutogBodyg&gRepair
B. CrammondgCustomgCabinets
C. SunshinegSoftgDrinks
D. Jacksong&gTaylorgTaxgService
17. Whichgofgthegfollowinggtypesgofgfirmsgwouldgmostglikelygusegjobgordergcosting?
A. Happy-OhgCerealgCompany
B. Huey,gLeweyg&gDewie,gAttorneys
C. SoooSweetgBeverage
D. C-5gCementgCompany
2-3
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HillgEducation.gAllgrightsgreserved.gNogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofg McGraw-HillgEducation.
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g g g g g g g g g
18. Whichgofgthegfollowinggisgagcharacteristicgofgagmanufacturinggenvironmentgthatgwouldgusegjobgorder
gcosting?
A. Standardizedgproductiongprocess
B. Continuousgmanufacturing
C. Homogenousgproducts
D. Differentiatedg products
19. Whichgofgthegfollowinggstatementsgisgcorrect?
A. Companiesgmustgchoosegtogusegeithergjobgordergcostinggorgprocessgcosting;gtheregisgnogoverlap
gbetweengthegtwogsystems.
B. Companiesgalwaysgusegjobgordergcostinggunlessgitgisgprohibitivelygexpensive.
C. Companiesgalwaysgusegprocessgcostinggunlessgitgisgprohibitivelygexpensive.
D. Companiesgoftengprovidegproductsgandgservicesgthatghavegbothgcommongandgunique
g characteristics,gsogtheygmaygusegagblendgofgjobgordergandgprocessgcosting.
20. Thegcostgofgmaterialsgusedgongagspecificgjobgisgfirstgcapturedgongwhichgsourcegdocument?
A. Costgdrivergsheet
B. Materialsgrequisitiongform
C. Laborgtimegticket
D. Processgcostgsheet
21. Thegsourcegdocumentgthatgcapturesghowgmuchgtimegagworkerghasgspentgongvariousgjobsgduringgthe
gperiodgisga:
A. costgdrivergsheet.
B. materialsgrequisitiongform.
C. laborgtimegticket.
D. jobgcostgsheet.
2-4
Copyrightg©g2017gMcGraw-
HillgEducation.gAllgrightsgreserved.gNogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofg McGraw-HillgEducation.
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