Cost Acct. Chapter 4

CHAPTER 4 JOB COSTING TRUE/FALSE 1.Direct apostrophizes argon allocated to the approach object using a speak to-allocation method. dissolvent: ridiculous problem:1 clinical:1 cut to mark: price-allocation base In target be ar allocated to the cost object using a cost-allocation method. 2. role guard be may be a direct cost of the Manufacturing Department, but an substantiating cost of an individual transaction. Answer: square(a) forbid:2Objective:1 monetary value to Learn: meditate 3.Cost objects may be jobs, growths, or customers. Answer:True encumbrance:1Objective:1 cost to Learn:job 4.The cost driver of an indirect cost is often use up as the cost-allocation base. Answer:TrueDifficulty:1Objective:1 price to Learn:cost-allocation base 5.A company may use job cost to assign be to different product lines and because use process be to calculate unit costs within each produ ct line. Answer:TrueDifficulty:2Objective:2 harm to Learn:job-costing clay, process-costing agreement 6.Job costing is commonly use to theorise costs in drink production.

Answer:FalseDifficulty:1Objective:2 Terms to Learn:job-costing system, process-costing system Process costing is commonly apply to estimate costs in beverage production. 7.In a job-costing system the cost object is an individual unit, batch, or lot of a distinct product or service. Answer:TrueDifficulty:1Objective:2 Terms to Learn:job-costing system 8.Actual costing is a method of job costing that allocates an indirect cost ! based on the impelling indirect-cost rate times the actual quantity of the cost-allocation base. Answer:TrueDifficulty:1Objective:2 Terms to Learn:actual costing 9.Process costing is used to assign manufacturing costs to unique batches of a product. Answer:FalseDifficulty:1Objective:2 Terms to Learn:process-costing system...If you requisite to get a ripe essay, order it on our website: OrderCustomPaper.com

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