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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The total amount of manufacturing overhead actually incurred was:
(Multiple Choice)
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When manufacturing overhead is applied to production, it is added to:
(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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Matthias Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month of May.Prior to the closing of the overapplied or underapplied balance to Cost of Goods Sold, the total of the debits to the Manufacturing Overhead account was $53,000 and the total of the credits to the account was $69,000.Which of the following statements is true?
(Multiple Choice)
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Two of the reasons why manufacturing overhead may be underapplied are: (1)the estimated total manufacturing overhead cost may have been too high; and (2)the estimated total amount of the allocation base may have been too low.
(True/False)
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The total amount of manufacturing overhead applied to production is:
(Multiple Choice)
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The ending balance in the Raw Materials account is closest to:
(Multiple Choice)
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Holmstrom Corporation has provided the following data concerning last month's operations.
How much is the cost of goods available for sale on the Schedule of Cost of Goods Sold?


(Multiple Choice)
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If the applied manufacturing overhead was $223,900, the actual manufacturing overhead cost for the year was:
(Multiple Choice)
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The schedule of cost of goods manufactured contains three elements of product costs-direct materials, direct labor, and manufacturing overhead-and it summarizes the portions of those costs that remain in ending Work in Process inventory and that are transferred out of Work in Process into Finished Goods.
(True/False)
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The journal entry to record the allocation of any underapplied or overapplied manufacturing overhead for June would include the following:
(Multiple Choice)
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Refer to the T-account below:
The ending balance of $8,000 represents which of the following?

(Multiple Choice)
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The adjusted cost of goods sold that appears on the income statement for May is:
(Multiple Choice)
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The $10,000 balance in the T-account below represents overapplied manufacturing overhead for the period. 

(True/False)
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How much is the adjusted cost of goods sold on the Schedule of Cost of Goods Sold?
(Multiple Choice)
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Luebke Inc.has provided the following data for the month of November.The balance in the Finished Goods inventory account at the beginning of the month was $52,000 and at the end of the month was $30,000.The cost of goods manufactured for the month was $212,000.The actual manufacturing overhead cost incurred was $55,000 and the manufacturing overhead cost applied to Work in Process was $58,000.The company closes out any underapplied or overapplied manufacturing overhead to cost of goods sold.The adjusted cost of goods sold that would appear on the income statement for November is:
(Multiple Choice)
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Firebaugh Corporation is a manufacturer that uses job-order costing.The company has supplied the following data for the just completed year:
What is the journal entry to record raw materials used in production?

(Multiple Choice)
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Brendal Corporation is a manufacturer that uses job-order costing.The company has supplied the following data for the just completed year:
Results of operations:
How much is the total manufacturing cost added to Work in Process during the year?


(Multiple Choice)
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