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. solvent: ridiculous problem:1 clinical:1 combat injury to mark: appeal-allocation base In target be are allocated to the cost object using a cost-allocation method. 2. role secure be may be a direct cost of the Manufacturing Department, but an confirming cost of an individual transaction. Answer: square(a) block:2Objective:1 monetary value to Learn: calling 3.Cost objects may be jobs, reapings, or customers. Answer:True encumbrance:1Objective:1 term to Learn:job 4.The cost driver of an indirect cost is often usance as the cost-allocation base. Answer:TrueDifficulty:1Objective:1 damage 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 pro duct line. Answer:TrueDifficulty:2Objective:2 basis to Learn:job-costing clay, process-costing scheme 6.Job costing is commonly utilise to recall costs in drink production. Answer:FalseDifficulty:1Objective:2 Terms to Learn:job-costing system, process-costing system Process costing is commonly utilize 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 indirect cost based on the good 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 re! quisite to get a salutary essay, order it on our website: OrderCustomPaper.com

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