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ACC 561 Week 3 Wileyplus Practice Quiz-uopacc561dotcom

For more course tutorials visit www.uopacc561.com 1. A major purpose of cost accounting is to 2. The two basic types of cost accounting systems are 3. A process cost system would most likely be used by a company that makes 4. Which of the following would be accounted for using a job order cost system? 5. The flow of costs in a job order cost system 6. The entry to record the acquisition of raw materials on account is 7. Time tickets should be approved by 8. The labor costs that have been identified as indirect labor should be charged to 9. Manufacturing overhead is applied to each job 10. A process cost accounting system is most appropriate when 11. Which of these best reflects a distinguishing factor between a job order cost system and a process cost system? 12. In process cost accounting, manufacturing costs are summarized on a 13. In a process cost system, product costs are summarized: 14. Which of the following is considered a difference between a job order cost and a process cost system? 15. The costs that are easiest to trace directly to products are 16. Other the most difficult part of computing accurate unit costs is determining the process amount of----------------------to assign to each product, service, or job.

For more course tutorials visit
www.uopacc561.com

1. A major purpose of cost accounting is to
2. The two basic types of cost accounting systems are
3. A process cost system would most likely be used by a company that makes
4. Which of the following would be accounted for using a job order cost system?
5. The flow of costs in a job order cost system
6. The entry to record the acquisition of raw materials on account is
7. Time tickets should be approved by
8. The labor costs that have been identified as indirect labor should be charged to
9. Manufacturing overhead is applied to each job
10. A process cost accounting system is most appropriate when
11. Which of these best reflects a distinguishing factor between a job order cost system and a process cost system?
12. In process cost accounting, manufacturing costs are summarized on a
13. In a process cost system, product costs are summarized:
14. Which of the following is considered a difference between a job order cost and a process cost system?
15. The costs that are easiest to trace directly to products are
16. Other the most difficult part of computing accurate unit costs is determining the process amount of----------------------to assign to each product, service, or job.

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<strong>ACC</strong> <strong>561</strong> <strong>Week</strong> 3 <strong>Wileyplus</strong> <strong>Practice</strong> <strong>Quiz</strong> (New)<br />

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and-DQs/product-31-<strong>ACC</strong>-<strong>561</strong>-<strong>Week</strong>-3-<strong>Wileyplus</strong>-<br />

<strong>Practice</strong>-<strong>Quiz</strong>-(New)<br />

For more course tutorials visit<br />

www.uopacc<strong>561</strong>.<br />

uopacc<strong>561</strong>.com<br />

com<br />

1. A major purpose of cost accounting is to<br />

2. The two basic types of cost accounting systems are<br />

3. A process cost system would most likely be used by a company<br />

that makes<br />

4. Which of the following would be accounted for using a job order<br />

cost system?<br />

5. The flow of costs in a job order cost system<br />

6. The entry to record the acquisition of raw materials on account is<br />

7. Time tickets should be approved by<br />

8. The labor costs that have been identified as indirect labor should<br />

be charged to<br />

9. Manufacturing overhead is applied to each job<br />

10. A process cost accounting system is most appropriate when<br />

11. Which of these best reflects a distinguishing factor between a<br />

job order cost system and a process cost system?


12. In process cost accounting, manufacturing costs are<br />

summarized on a<br />

13. In a process cost system, product costs are summarized:<br />

14. Which of the following is considered a difference between a<br />

job order cost and a process cost system?<br />

15. The costs that are easiest to trace directly to products are<br />

16. Other the most difficult part of computing accurate unit costs is<br />

determining the process amount of----------------------to assign to<br />

each product, service, or job.<br />

17. The last step in activity-based costing is to<br />

18. The first step in activity-based costing is to<br />

19. A well-designed activity-based costing system starts with<br />

20. An example of an activity cost pool is

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