04/17/26, 9:40 AM AE 212 PRELIM SUMMATIVE ASSESSMENT
CLASS CODE *
1233
MULTIPLE CHOICE- THEORETICAL 20 of 20 points
Choose the best answer from each of the following statements or questions.
In a normal costing system, a debit to Work in Process would not be made for 2/2
actual overhead applied
overhead actual direct
material
actual direct labor
The principal difficulty with normal costing is that: 2/2
estimated overhead and estimated activity are likely to differ from actual overhead and actual
costs, resulting in underapplied or overapplied overhead
it can result in fluctuating per-unit overhead costs
the unit cost information is not received on a timely basis there is no
difficulty associated with using normal costing
https://docs.google.com/forms/d/e/1FAIpQLSdD9jJWgL-zExaWnkexlC0qAZP9K_uH0VQmidglzb72iVZgag/viewscore?viewscore=AE0zAgAvntS_e0y… 2/26
,04/17/26, 9:40 AM AE 212 PRELIM SUMMATIVE ASSESSMENT
2/2
Overtime premium of employee
Philhealth contribution of employee
Holiday pay of employee
Vacation pay
scatter diagram is known as:
High-low point method
Least squares regression method
Multiple regression method Visual
fit method
The net cost of normal spoilage in a job order costing system in which 2/2
spoilage is common to all jobs should be
assigned directly to the jobs that caused the spoilage
charged to manufacturing overhead control during the period of spoilage charged
to loss account during the period of spoilage
allocated only to jobs that are completed during the period
https://docs.google.com/forms/d/e/1FAIpQLSdD9jJWgL-zExaWnkexlC0qAZP9K_uH0VQmidglzb72iVZgag/viewscore?viewscore=AE0zAgAvntS_e0y… 3/26
, 04/17/26, 9:40 AM AE 212 PRELIM SUMMATIVE ASSESSMENT
In describing the cost formula equation, Y = a + bX, which of the following is 2/2
“Y” is the independent variable. “a”
is the variable cost per unit.
“a” and “b” are valid for all levels of activity.
in the high-low method, “b” equals the change in cost divided by the change in activity.
2/2
Work-in-Process Inventory account.
Manufacturing-Overhead Inventory account.
Cost-of-Goods-Sold account.
Finished-Goods Inventory account.
https://docs.google.com/forms/d/e/1FAIpQLSdD9jJWgL-zExaWnkexlC0qAZP9K_uH0VQmidglzb72iVZgag/viewscore?viewscore=AE0zAgAvntS_e0y… 4/26
CLASS CODE *
1233
MULTIPLE CHOICE- THEORETICAL 20 of 20 points
Choose the best answer from each of the following statements or questions.
In a normal costing system, a debit to Work in Process would not be made for 2/2
actual overhead applied
overhead actual direct
material
actual direct labor
The principal difficulty with normal costing is that: 2/2
estimated overhead and estimated activity are likely to differ from actual overhead and actual
costs, resulting in underapplied or overapplied overhead
it can result in fluctuating per-unit overhead costs
the unit cost information is not received on a timely basis there is no
difficulty associated with using normal costing
https://docs.google.com/forms/d/e/1FAIpQLSdD9jJWgL-zExaWnkexlC0qAZP9K_uH0VQmidglzb72iVZgag/viewscore?viewscore=AE0zAgAvntS_e0y… 2/26
,04/17/26, 9:40 AM AE 212 PRELIM SUMMATIVE ASSESSMENT
2/2
Overtime premium of employee
Philhealth contribution of employee
Holiday pay of employee
Vacation pay
scatter diagram is known as:
High-low point method
Least squares regression method
Multiple regression method Visual
fit method
The net cost of normal spoilage in a job order costing system in which 2/2
spoilage is common to all jobs should be
assigned directly to the jobs that caused the spoilage
charged to manufacturing overhead control during the period of spoilage charged
to loss account during the period of spoilage
allocated only to jobs that are completed during the period
https://docs.google.com/forms/d/e/1FAIpQLSdD9jJWgL-zExaWnkexlC0qAZP9K_uH0VQmidglzb72iVZgag/viewscore?viewscore=AE0zAgAvntS_e0y… 3/26
, 04/17/26, 9:40 AM AE 212 PRELIM SUMMATIVE ASSESSMENT
In describing the cost formula equation, Y = a + bX, which of the following is 2/2
“Y” is the independent variable. “a”
is the variable cost per unit.
“a” and “b” are valid for all levels of activity.
in the high-low method, “b” equals the change in cost divided by the change in activity.
2/2
Work-in-Process Inventory account.
Manufacturing-Overhead Inventory account.
Cost-of-Goods-Sold account.
Finished-Goods Inventory account.
https://docs.google.com/forms/d/e/1FAIpQLSdD9jJWgL-zExaWnkexlC0qAZP9K_uH0VQmidglzb72iVZgag/viewscore?viewscore=AE0zAgAvntS_e0y… 4/26
