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As a percent of the item in the previous year.<br />
Click here and download <strong>ACC</strong> <strong>561</strong> <strong>Final</strong> <strong>Exam</strong> Question Answers<br />
41. Process costing is used when<br />
<br />
<br />
<br />
<br />
The production process is continuous.<br />
Costs are to be assigned to specific jobs.<br />
Production is aimed at filling a specific customer order.<br />
Dissimilar products are involved.<br />
43. An important feature of a job order cost system is that each job<br />
<br />
<br />
<br />
<br />
Must be similar to previous jobs completed.<br />
has its own distinguishing characteristics.<br />
Must be completed before a new job is accepted.<br />
Consists of one unit of output.<br />
Complete paper here <strong>ACC</strong> <strong>561</strong> Week 1 Complete<br />
49. in a process cost system, product costs are summarized:<br />
<br />
<br />
<br />
<br />
On job cost sheets.<br />
On production cost reports.<br />
When the products are sold.<br />
After each unit is produced.<br />
33. An activity that has a direct cause-effect relationship with the resources<br />
consumed is a(n)<br />
<br />
<br />
<br />
<br />
Overhead rate.<br />
Product activity.<br />
Cost driver.<br />
Cost pool.
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