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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How much is the unadjusted cost of goods sold on the Schedule of Cost of Goods Sold?
(Multiple Choice)
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During July at Loeb Corporation, $83,000 of raw materials were requisitioned from the storeroom for use in production.These raw materials included both direct and indirect materials.The indirect materials totaled $4,000.The journal entry to record the requisition from the storeroom would include a:
(Multiple Choice)
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Mcie Corporation is a manufacturer that uses job-order costing.The company has supplied the following data for the just completed year:
Results of operations:
Required:
a.What is the ending balance in Raw Materials?
b.What is the ending balance in Work in Process?


(Essay)
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The following entry would be used to record the transfer of $40,000 of direct material and $10,000 of indirect material from the storeroom to production: 

(True/False)
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Wears Corporation uses a job-order costing system and has provided the following partially completed T-account summary for the past year.
The Cost of Goods Manufactured for the year was $537,000.
Required:
What was the Cost of Goods Sold for the year?

(Essay)
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The cost of goods sold for June after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to:
(Multiple Choice)
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During March, Zea Inc.transferred $50,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $56,000.The journal entries to record these transactions would include a:
(Multiple Choice)
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The journal entry to record the allocation of any underapplied or overapplied manufacturing overhead for November would include the following:
(Multiple Choice)
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Rochford Corporation has provided the following data concerning last month's operations.
Required:
Determine the cost of goods manufactured for the month.


(Essay)
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In a job-order costing system, manufacturing overhead applied is recorded as a debit to:
(Multiple Choice)
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The cost of goods sold for November after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to:
(Multiple Choice)
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The following accounts are from last year's books of Sharp Manufacturing:
Sharp uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs.What is the amount of direct materials used for the year?





(Multiple Choice)
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The work in process inventory at the end of June after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to:
(Multiple Choice)
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How much is the cost of goods manufactured for the month on the Schedule of Cost of Goods Manufactured?
(Multiple Choice)
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Stangl Inc.has provided the following data for the month of September.There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month.
Manufacturing overhead for the month was underapplied by $3,000.
The company allocates any underapplied or overapplied overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the overhead applied during the month in those accounts.
Required:
Determine the cost of work in process, finished goods, and cost of goods sold AFTER allocation of the underapplied or overapplied overhead for the period.

(Essay)
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Rediger Inc., a manufacturing Corporation, has provided the following data for the month of June.The balance in the Work in Process inventory account was $22,000 at the beginning of the month and $17,000 at the end of the month.During the month, the Corporation incurred direct materials cost of $55,000 and direct labor cost of $28,000.The actual manufacturing overhead cost incurred was $53,000.The manufacturing overhead cost applied to Work in Process was $51,000.The cost of goods manufactured for June was:
(Multiple Choice)
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Refer to the T-account below:
Entry (8)could represent which of the following?

(Multiple Choice)
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