Question 1

The journal entry to record allocation of manufacturing overhead to a particular job includes a ________.

Accepted Answer

A) debit to the Finished Goods Inventory account and credit to the Manufacturing Overhead account 
B) debit to the Work-in-Process Inventory account and credit to the Cash account 
C) debit to the Manufacturing Overhead account and credit to the Finished Goods Inventory account 
D) debit to the Work-in-Process Inventory account and credit to the Manufacturing Overhead account 
A) debit to the Finished Goods Inventory account and credit to the Manufacturing Overhead account 
B) debit to the Work-in-Process Inventory account and credit to the Cash account 
C) debit to the Manufacturing Overhead account and credit to the Finished Goods Inventory account 
D) debit to the Work-in-Process Inventory account and credit to the Manufacturing Overhead account

Question 2

The cost of indirect materials is transferred out of the Manufacturing Overhead account and accumulated in the Raw Materials Inventory account.

Accepted Answer

A) True 
 B)False

Question 3

The journal entry for adjustment of overallocated manufacturing overhead includes a ________.

Accepted Answer

A) credit to Finished Goods Inventory 
B) credit to Manufacturing Overhead 
C) debit to Work-in-Process Inventory 
D) credit to Cost of Goods Sold 
A) credit to Finished Goods Inventory 
B) credit to Manufacturing Overhead 
C) debit to Work-in-Process Inventory 
D) credit to Cost of Goods Sold

Question 4

In a manufacturing operation,depreciation of plant equipment should be debited to the Depreciation Expense account.

Accepted Answer

A) True 
 B)False

Question 5

Haddows,Inc.completed Job GH6 last month.The cost details of GH6 are shown below.
 
Calculate the cost per unit of the finished product of Job GH6.(Round your answer to the nearest cent. )

Accepted Answer

A) $441.00 
B) $13.78 
C) $76.72 
D) $79.41 
A) $441.00 
B) $13.78 
C) $76.72 
D) $79.41

Question 6

Why would the manager of a service company need to use job order costing?

Accepted Answer

Service companies,like manufac

Question 7

During the year,a company incurred $533,000 of manufacturing overhead costs and allocated $463,000 of manufacturing overhead costs.At year-end,the adjustment entry needed to adjust the Manufacturing Overhead account balance to zero will include a debit to Cost of Goods Sold.

Accepted Answer

A) True 
 B)False

Question 8

Manufacturing overhead is allocated by debiting the Work-in-Process Inventory account and crediting the Manufacturing Overhead account.

Accepted Answer

A) True 
 B)False

Question 9

Altec Designs makes fashion clothing and reports the following data for the month of September:
 
What is the journal entry to record the total labor charges incurred during September?

Accepted Answer

A) 
  
B) 
  
C) 
  
D) 
  
A) 
  
B) 
  
C) 
  
D)

Question 10

Manufacturing Overhead is a temporary account used to ________ indirect production costs during the accounting period.

Accepted Answer

A) allocate 
B) assign 
C) accumulate 
D) approximate 
A) allocate 
B) assign 
C) accumulate 
D) approximate

The journal entry to record allocation of manufacturing overhead to a particular job includes a ________.

The cost of indirect materials is transferred out of the Manufacturing Overhead account and accumulated in the Raw Materials Inventory account.

The journal entry for adjustment of overallocated manufacturing overhead includes a ________.

In a manufacturing operation,depreciation of plant equipment should be debited to the Depreciation Expense account.

Haddows,Inc.completed Job GH6 last month.The cost details of GH6 are shown below. Calculate the cost per unit of the finished product of Job GH6.(Round your answer to the nearest cent. )

Why would the manager of a service company need to use job order costing?

During the year,a company incurred $533,000 of manufacturing overhead costs and allocated $463,000 of manufacturing overhead costs.At year-end,the adjustment entry needed to adjust the Manufacturing Overhead account balance to zero will include a debit to Cost of Goods Sold.

Manufacturing overhead is allocated by debiting the Work-in-Process Inventory account and crediting the Manufacturing Overhead account.

Altec Designs makes fashion clothing and reports the following data for the month of September: What is the journal entry to record the total labor charges incurred during September?

Manufacturing Overhead is a temporary account used to ________ indirect production costs during the accounting period.

Accounting and the Business Environment

Recording Business Transactions

The Adjusting Process

Completing the Accounting Cycle

Merchandising Operations

Merchandise Inventory

Accounting Information Systems

Internal Control and Cash

Receivables

Plant Assets, natural Resources, and Intangibles

Current Liabilities and Payroll

Partnerships

Corporations

Long-Term Liabilities

Investments

The Statement of Cash Flows

Financial Statement Analysis

Introduction to Managerial Accounting

Process Costing

Cost-Volume-Profit Analysis

Master Budgets

Flexible Budgets and Standard Cost Systems

Cost Allocation and Responsibility Accounting

Short-Term Business Decisions

Capital Investment Decisions

Filters

Exam 19: Job Order Costing

The journal entry to record allocation of manufacturing overhead to a particular job includes a ________.

The cost of indirect materials is transferred out of the Manufacturing Overhead account and accumulated in the Raw Materials Inventory account.

The journal entry for adjustment of overallocated manufacturing overhead includes a ________.

In a manufacturing operation,depreciation of plant equipment should be debited to the Depreciation Expense account.

Haddows,Inc.completed Job GH6 last month.The cost details of GH6 are shown below. Calculate the cost per unit of the finished product of Job GH6.(Round your answer to the nearest cent. )

Why would the manager of a service company need to use job order costing?

During the year,a company incurred $533,000 of manufacturing overhead costs and allocated $463,000 of manufacturing overhead costs.At year-end,the adjustment entry needed to adjust the Manufacturing Overhead account balance to zero will include a debit to Cost of Goods Sold.

Manufacturing overhead is allocated by debiting the Work-in-Process Inventory account and crediting the Manufacturing Overhead account.

Altec Designs makes fashion clothing and reports the following data for the month of September: What is the journal entry to record the total labor charges incurred during September?

Manufacturing Overhead is a temporary account used to ________ indirect production costs during the accounting period.

Accounting and the Business Environment

Recording Business Transactions

The Adjusting Process

Completing the Accounting Cycle

Merchandising Operations

Merchandise Inventory

Accounting Information Systems

Internal Control and Cash

Receivables

Plant Assets, natural Resources, and Intangibles

Current Liabilities and Payroll

Partnerships

Corporations

Long-Term Liabilities

Investments

The Statement of Cash Flows

Financial Statement Analysis

Introduction to Managerial Accounting

Process Costing

Cost-Volume-Profit Analysis

Master Budgets

Flexible Budgets and Standard Cost Systems

Cost Allocation and Responsibility Accounting

Short-Term Business Decisions

Capital Investment Decisions

Filters