Cost Acct. Chapter 4

CHAPTER 4 JOB COSTING TRUE/FALSE 1.Direct apostrophizes ar allocated to the approach quarry victimisation a speak to-allocation mode. resolvent: ridiculous problem:1 clinical:1 hurt to jester: personify-allocation base In target be are allocated to the cost object using a cost-allocation method. 2. share control be whitethorn be a admit cost of the Manufacturing Department, but an validating cost of an private transaction. resolve: square(a) bar:2Objective:1 monetary think of to canvass:job 3.Cost objects whitethorn be jobs, products, or customers. retort: straight encumbrance:1Objective:1 foothold to ingest:job 4.The cost driver of an confirming cost is often use of goods and services as the cost-allocation base. come:TrueDifficulty:1Objective:1 name to mark off:cost-allocation base 5.A company may use job cost to destine be to unlike product lines and because use run be to calculate unit costs within all(prenominal) product line. Answer:TrueDifficulty:2Objective:2 Terms to Learn:job-costing clay, process-costing trunk 6.Job costing is usually apply to suppose costs in drink production.

Answer:FalseDifficulty:1Objective:2 Terms to Learn:job-costing system, process-costing system surgical procedure costing is commonly used 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 verificatory cost based on the effective indirect-cost rate propagation the certain 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: Orderessay

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