What is an example of manufacturing overhead?Cost of bricks in making a building Cost of concrete in making a road Cost of sandpaper in making wood furniture Cost of aluminum in making an airplane What is an example of direct labor?Wages for accounting staff in company headquarters Wages for marketing staff in company headquarters Wages for factory quality control inspectors Wages for furniture assemblers in a wood furniture manufacturer What is an example of direct materials?Cost of saws and hammers in constructing a house Cost of robotic equipment in making automobiles Cost of aluminum in making an airplane Cost of sandpaper in making wood furniture Which type of company cannot use job order costing?Building construction Petroleum refining plant Road construction Tax accountant for wealthy people
What is the correct sequence for the flow of costs through a job order costing system?
WGU D196 OA AND PRE-ASSESSMENT PRACTICE EXAM
2024/2025 WITH 50 QUESTIONS AND CORRECT ANSWERS ,
LATEST
- / 2
-Raw materials inventory, finished goods inventory, cost of goods sold, work-in-process inventory -Raw materials inventory, cost of goods sold, work-in-process inventory, finished goods inventory -Raw materials inventory, work-in-process inventory, finished goods inventory, cost of goods sold -Raw materials inventory, work-in-process inventory, cost of goods sold, finished goods inventory.
Which overhead allocation method should be used for a business that mass-produces breakfast cereal?Job order costing Process costing ABC costing Product-line costing
For which production process is process costing the appropriate costing method to use?Building custom-made furniture Producing made-to-order industrial equipment Constructing a high-rise office building Refining gasoline in a petroleum facility
How is the production cost per unit computed in a process costing system?-Amount of total production cost divided by the number of units completed during a particular period of time -Amount of direct labor cost divided by the number of direct labor hours used during a particular period of time -Amount of direct materials cost divided by the quantity of direct materials used during a particular period of time -Amount of overhead cost divided by the number of units completed during a particular period of time
How are production costs treated in a process costing system?-Costs are assigned to a selling, general, and administrative expense account during the period.
- / 2