Exam 3: Job-Order Costing: Cost Flows and External Reporting
Exam 1: Managerial Accounting and Cost Concepts299 Questions
Exam 2: Job-Order Costing: Calculating Unit Product Costs292 Questions
Exam 3: Job-Order Costing: Cost Flows and External Reporting256 Questions
Exam 4: Activity-Based Costing230 Questions
Exam 5: Process Costing6 Cost-Volume-Profit Relationships139 Questions
Exam 6: Cost-Volume-Profit Relationships260 Questions
Exam 7: Variable Costing and Segment Reporting: Tools for Management291 Questions
Exam 8: Master Budgeting236 Questions
Exam 10: Performance Measurement in Decentralized Organizations180 Questions
Exam 11: Differential Analysis: The Key to Decision Making203 Questions
Exam 12: Capital Budgeting Decisions179 Questions
Exam 9: Flexible Budgets Standard Costs and Variance Analysis461 Questions
Exam 13: Statement of Cash Flows132 Questions
Exam 14: Financial Statement Analysis289 Questions
Exam 15: Job-Order Costing: Cost Flows and External Reporting28 Questions
Exam 16: Process Costing6 Cost-Volume-Profit Relationships100 Questions
Exam 17: Cost-Volume-Profit Relationships82 Questions
Exam 18:Flexible Budgets, Standard Costs, and Variance Analysis177 Questions
Exam 19: Flexible Budgets, Standard Costs, and Variance Analysis140 Questions
Exam 20: A Capital Budgeting Decisions16 Questions
Exam 21: A Statement of Cash Flows56 Questions
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What is the journal entry to record raw materials used in production?
(Multiple Choice)
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How much is the unadjusted cost of goods sold on the Schedule of Cost of Goods Sold?
(Multiple Choice)
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Tenneson Corporation's cost of goods manufactured for the just completed month was $151,000 and its inventories were as follows:
How much was the cost of goods available for sale on the Schedule of Cost of Goods Sold?

(Multiple Choice)
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Advertising costs should NOT be charged to the Manufacturing Overhead account.
(True/False)
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In the Schedule of Cost of Goods Manufactured, Total direct materials = Raw materials used in production - Ending raw materials inventory.
(True/False)
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St.Johns Corporation uses a job-order costing system and has provided the following partially completed summary T-accounts for the just completed period:
Manufacturing overhead for the period was:


(Multiple Choice)
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The predetermined overhead rate for the year was closest to:
(Multiple Choice)
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How much is the direct materials cost for the month on the Schedule of Cost of Goods Manufactured?
(Multiple Choice)
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How much is Kapanga's cost of goods manufactured for October?
(Multiple Choice)
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Sefcovic Enterprises LLC recorded the following transactions for the just completed month.The company had no beginning inventories.
(1)Raw materials purchased for cash, $110,000
(2)Direct materials requisitioned for use in production, $79,000
(3)Indirect materials requisitioned for use in production, $15,000
(4)Direct labor wages incurred and paid, $125,000
(5)Indirect labor wages incurred and paid, $22,000
(6)Additional manufacturing overhead costs incurred and paid, $134,000
(7)Manufacturing overhead costs applied to jobs, $125,000
(8)All of the jobs in process were completed.
(9)All of the completed jobs were shipped to customers.
(10)Any underapplied or overapplied overhead for the period was closed out to Cost of Goods Sold.
Required:
a.Post the above transactions to the following T-accounts:
b.Determine the adjusted cost of goods sold for the month.






(Essay)
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The debits entered in the Raw Materials account during the month of November total:
(Multiple Choice)
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The finished goods inventory at the end of January after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to:
(Multiple Choice)
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The entry to dispose of the underapplied or overapplied manufacturing overhead cost for the month would include a:
(Multiple Choice)
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In a job-order costing system, indirect labor cost is usually recorded as a debit to:
(Multiple Choice)
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