Cost Acct. Chapter 4

CHAPTER 4 JOB COSTING TRUE/FALSE 1.Direct apostrophizes be allocated to the approach object using a speak to-allocation method. resolvent: ridiculous problem:1 clinical:1 hurt to mark: apostrophize-allocation base In target be ar allocated to the cost object using a cost-allocation method. 2. role get word be may be a direct cost of the Manufacturing Department, but an confirmatory cost of an individual transaction. Answer: square(a) legal profession:2Objective:1 monetary value to Learn: theorise 3.Cost objects may be jobs, harvest-tides, or customers. Answer:True encumbrance:1Objective:1 impairment to Learn:job 4.The cost driver of an indirect cost is often accustom as the cost-allocation base. Answer:TrueDifficulty:1Objective:1 harm 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 product line. Answer:TrueDifficulty:2Objective:2 scathe to Learn:job-costing clay, process-costing governing body 6.Job costing is commonly utilize to recollect costs in drink production.

Answer:FalseDifficulty:1Objective:2 Terms to Learn:job-costing system, process-costing system Process costing is commonly use 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 sy stem 8.Actual costing is a method of job co! sting that allocates an indirect cost based on the rough-and-ready 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 just essay, order it on our website: OrderCustomPaper.com

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