m m m m m m m m m
Chapter 2 m m
JOB ORDER COSTING AND ANALYSIS
m m m m
True/False Questions
m
1. Costmaccountingmsystemsmaccumulatemmanufacturingmcostsmandmthenmassignmthemmtomprodu
ctsmandmservices.
Answer:mTrue
Blooms:mRemembermAAC
SB:mCommunicationmAIC
PAmBB:mIndustrymAICPAm
FN:mMeasurementmDifficu
lty:m 1m EasymLearningmOb
jective:m02-
C1mTopic:mJobmOrdermCos
ting
2. Amcompanymthatmusesmamcostmaccountingmsystemmnormallymhasmonlymtwominventorymaccoun
ts:mFinishedmGoodsmInventorymandmWorkminmProcessmInventory.
Answer:mFalse
Blooms:mRemembermAAC
SB:mCommunicationmAIC
PAmBB:mIndustrymAICPAm
FN:mMeasurementmDifficu
lty:m 1m EasymLearningmOb
jective:m02-
C1mTopic:mJobmOrdermCos
ting
3. Costmaccountingminformationmismhelpfulmtommanagementmformpricingmdecisionsmbutmhasm
nomeffectmonmcontrollingmcosts.
Answer:mFalse
Blooms:mUnderstandmAAC
SB:mCommunicationmAIC
PAmBB:mIndustrymAICPAm
FN:mMeasurementmDifficu
lty:m2mMediummLearningm
Objective:m02-
C1mTopic:mJobmOrdermCos
ting
Copyrightm©m2018mMcGraw-HillmEducation.
Allmrightsmreserved.m NomreproductionmormdistributionmwithoutmthempriormwrittenmconsentmofmMcGraw-
HillmEducation.
mynursytest.store
,DOWNLOAD THE Test Bank for Managerial Accounting 6th Edition Wild
m m m m m m m m m
4. Theremaremtwombasicmtypesmofmcostmaccountingmsystems:mjobmordermcostingmandmperio
dicmcosting.
Answer:mFalse
Blooms:mRemembermAAC
SB:mCommunicationmAIC
PAmBB:mIndustrymAICPAm
FN:mMeasurementmDifficu
lty:m 1m EasymLearningmOb
jective:m02-
C1mTopic:mJobmOrdermCos
ting
5. Theremaremtwombasicmtypesmofmcostmaccountingmsystems:mjobmordermcostingmandmproc
essmcosting.
Answer:mTrue
Blooms:mRemembermAAC
SB:mCommunicationmAIC
PAmBB:mIndustrymAICPAm
FN:mMeasurementmDifficu
lty:m 1m EasymLearningmOb
jective:m02-
C1mTopic:mJobmOrdermCos
ting
6. Amcompanymthatmproducesmamlargemnumbermofmstandardizedmunitsmwouldmnormallymusemamj
obmordermcostingmsystem.
Answer:mFalse
Blooms:mRemembermAAC
SB:mCommunicationmAIC
PAmBB:mIndustrymAICPAm
FN:mMeasurementmDifficu
lty:m 1m EasymLearningmOb
jective:m02-
C1mTopic:mJobmOrdermCos
ting
7. Amcompanymthatmproducesmproductsmindividuallymdesignedmtommeetmthemneedsmofmamspeci
ficmcustomermwouldmnormallymusemamjobmordermcostingmsystem.
Answer:mTrue
Blooms:mRemembermAAC
SB:mCommunicationmAIC
PAmBB:mIndustrymAICPAm
FN:mMeasurementmDifficu
lty:m 1m EasymLearningmOb
jective:m02-
C1mTopic:mJobmOrdermCos
Copyrightm©m2018mMcGraw-HillmEducation.
Allmrightsmreserved.m NomreproductionmormdistributionmwithoutmthempriormwrittenmconsentmofmMcGraw-
HillmEducation.
mynursytest.store
,DOWNLOAD THE Test Bank for Managerial Accounting 6th Edition Wild
m m m m m m m m m
ting
Copyrightm©m2018mMcGraw-HillmEducation.
Allmrightsmreserved.m NomreproductionmormdistributionmwithoutmthempriormwrittenmconsentmofmMcGraw-
HillmEducation.
mynursytest.store
, DOWNLOAD THE Test Bank for Managerial Accounting 6th Edition Wild
m m m m m m m m m
8. Jobmordermproductionmsystemsmwouldmbemappropriatemformcompaniesmthatmproducemcusto
mmhomes,mspecializedmequipment,mandmspecialmcomputermsystems.
Answer:mTrue
Blooms:mRemembermAAC
SB:mCommunicationmAIC
PAmBB:mIndustrymAICPAm
FN:mMeasurementmDifficu
lty:m 1m EasymLearningmOb
jective:m02-
C1mTopic:mJobmOrdermCos
ting
9. Jobmordermproductionmsystemsmwouldmbemappropriatemformcompaniesmthatmproducemcomp
actmdisksmormdisposablemcameras.
Answer:mFalse
Blooms:mRemembermAAC
SB:mCommunicationmAIC
PAmBB:mIndustrymAICPAm
FN:mMeasurementmDifficu
lty:m 1m EasymLearningmOb
jective:m02-
C1mTopic:mJobmOrdermCos
ting
Copyrightm©m2018mMcGraw-HillmEducation.
Allmrightsmreserved.m NomreproductionmormdistributionmwithoutmthempriormwrittenmconsentmofmMcGraw-
HillmEducation.
mynursytest.store