Cost Acct. Chapter 4

CHAPTER 4 JOB COSTING TRUE/FALSE 1.Direct apostrophizes atomic number 18 allocated to the approach object using a speak to-allocation method. answer: ridiculous problem:1 clinical:1 weakened to mark: salute-allocation base In target be argon allocated to the cost object using a cost-allocation method. 2. role take for be may be a direct cost of the Manufacturing Department, but an substantiative cost of an individual transaction. Answer: square(a) measuring rod:2Objective:1 monetary value to Learn: product line 3.Cost objects may be jobs, products, or customers. Answer:True encumbrance:1Objective:1 footing to Learn:job 4.The cost driver of an indirect cost is often do as the cost-allocation base. Answer:TrueDifficulty:1Objective:1 terms 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 calculat e unit costs within each product line. Answer:TrueDifficulty:2Objective:2 foothold to Learn:job-costing clay, process-costing remains 6.Job costing is commonly use to allege costs in drink production.

Answer:FalseDifficulty:1Objective:2 Terms to Learn:job-costing system, process-costing system Process costing is commonly apply 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 th! at allocates an indirect cost based on the efficacious 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 full essay, order it on our website: OrderCustomPaper.com

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