Home /ACC 561 Week 3 Quiz 100% Correct
ACC 561 Week 3 Quiz 100% Correct
Description
Sample Question 20/20
- A major purpose of cost accounting is to
- The two basic types of cost accounting systems are
- A process cost system would most likely be used by a company that makes
- Which of the following would be accounted for using a job order cost system?
- The flow of costs in a job order cost system
- The entry to record the acquisition of raw materials on account is
- Time tickets should be approved by
- The labor costs that have been identified as indirect labor should be charged to
- Manufacturing overhead is applied to each job
- A process cost accounting system is most appropriate when
- Which of these best reflects a distinguishing factor between a job order cost system and a process cost system?
- In process cost accounting, manufacturing costs are summarized on a
- In a process cost system, product costs are summarized:
- Which of the following is considered a difference between a job order cost and a process cost system?
- Often the most difficult part of computing accurate unit costs is determining the proper amount of _________ to assign to each product, service, or job
- The last step in activity-based costing is to
- The first step in activity-based costing is to
- A well-designed activity-based costing system starts with
- An example of an activity cost pool is