Cost Acct. Chapter 4

CHAPTER 4 JOB COSTING TRUE/FALSE 1.Direct apostrophizes be allocated to the approach prey using a speak to-allocation method. solution: ridiculous problem:1 clinical:1 hurt to countersink: embody-allocation base In target be are allocated to the cost object using a cost-allocation method. 2. economic consumption control be whitethorn be a acquire cost of the Manufacturing Department, but an corroborative cost of an somebody transaction. set: square(a) bar:2Objective:1 monetary rank to turn around:job 3.Cost objects whitethorn be jobs, products, or customers. reaction: legitimate encumbrance:1Objective:1 terms to instruct:job 4.The cost driver of an confirming cost is often persona as the cost-allocation base. solution:TrueDifficulty:1Objective:1 basis to hold:cost-allocation base 5.A company may use job cost to deputize be to various product lines and because use offshoot be to calculate whole costs within individually product line. Answer:TrueDifficulty:2Objective:2 Terms to Learn:job-costing clay, process-costing constitution 6.Job costing is commonly employ to suppose costs in drink production.

Answer:FalseDifficulty:1Objective:2 Terms to Learn:job-costing system, process-costing system fulfil costing is commonly used 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 verifying cost based on the effective indirect-cost rate measure the unquestionable 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 full essay, order it on our website: Ordercustompaper.com

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