4760649
Beschreibung
Quiz von Isabel Robles, aktualisiert more than 1 year ago
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Erstellt von Isabel Robles
vor mehr als 8 Jahre
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Frage 1
Frage
The advantage of using normal costing instead of actual costing is:
Antworten
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indirect costs are assigned at the end of the year when they are known
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the job is more accurate under normal costing
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indirect costs are assigned to a job on a timely basis
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normal costing provides a higher gross profit margin
Frage 2
Frage
The adjusted allocation approach yields the benefits of _____________.
Antworten
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timeliness and convenience of normal costing
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allocating budgeted manufacturing overhead costs at the end of the year
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write-off to the cost of goods sold approach
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the proration approach
Frage 3
Frage
If indirect-cost rates are calculated monthly, distortions might occur because of ________.
Antworten
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rental costs paid monthly
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property tax payments made in July and December
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routine monthly preventive-maintenance costs that benefit future months
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salary hikes at the beginning of the financial year
Frage 4
Frage
The ending balance in the Work-in-Process Control account represents the costs of all jobs that ________.
Antworten
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have not been completed
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have been completed but not sold
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have been completed and sold to customers
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are reported on the income statement
Frage 5
Frage
Payment of the factory rent increases the ________.
Antworten
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Work-in-Process Control account
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Manufacturing Overhead Control account
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Cost of Goods Sold account
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Factory Depreciation account
Frage 6
Frage
When a job is complete ________.
Antworten
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actual indirect manufacturing labor is excluded from the total cost of the job
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Finished Goods Control is debited
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the cost of the job is transferred to Manufacturing Overhead Control
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it is reduced from Manufacturing Overhead Control account
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