Test Bank For Personality Psychology Understanding Yourself and Others 2nd Edition All Chapters

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Chapterg02gJo


bgOrdergCostinggandgAnalysis



Trueg/gFalsegQuestions



1. Costgaccountinggsystemsgaccumulategcostsgandgthengassignsgthemgtogproductsgorgservices.


True False


2. Agcompanygthatgusesgagcostgaccountinggsystemgnormallyghasgonlygtwoginventorygaccounts:gFinis
hedgGoodsgInventorygandgWorkgingProcessgInventory.


True False


3. Costgaccountingginformationgisghelpfulgtogmanagementgforgpricinggdecisionsgbutghasgnogeffec
tgongcontrollinggcosts.


True False


4. Theregaregtwogbasicgtypesgofgcostgaccountinggsystems:gjobgordergcostinggandgperiodicgcosting.


True False


5. Agcompanygthatgproducesgaglargegnumbergofgstandardizedgunitsgwouldgnormallygusegagjobgo
rdergcostinggsystem.


True False




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6. Jobgordergproductiongsystemsgwouldgbegappropriategforgcompaniesgthatgproducegcustomgho
mes,gspecializedgequipment,gandgspecialgcomputergsystems.


True False


7. Jobgordergproductiongsystemsgwouldgbegappropriategforgcompaniesgthatgproducegcompactgdisk
sgorgdisposablegcameras.


True False


8. Agjobgordergcostinggsystemgwouldgbegappropriategforgagmanufacturergofgautomobilegtires.


True False


9. Jobgordergproductiongsystemsgwouldgbegappropriategforgcompaniesgthatgproducegtraininggfilms
gforgagspecificgcustomergorgcustom-madegfurnituregtogbegusedgingagnewgfive-stargresortghotel.




True False


10. Agcompany'sgfilegofgjobgcostgsheetsgjobsgnotgyetgcompletedgequalsgthegbalancegingthegFini
shedgGoodsgInventorygaccount.


True False


11. Thegdirectgmaterialsgsectiongofgagjobgcostgsheetgshowsgthegmaterialsgcostsgassignedgtogagjob,gbu
tgthegdirectglaborgsectiongonlygshowsgthegtotalghoursgofglaborgallocatedgtogthegjob.


True False




02-2
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12. Thegcollectiongofgcostgsheetsgforgunfinishedgjobsgmakesgupgagsubsidiarygledgergcontrolledgby
gthegWorkgingProcessgInventorygaccountgingtheggeneralgledger.




True False


13. Agjobgcostgsheetgisgusefulgforgdevelopinggfinancialgaccountinggnumbersgbutgdoesgnotgcon
tainginformationgthatgisgusefulgforgmanaginggthegproductiongprocess.


True False


14. Jobgcostgsheetsgaregusedgtogtrackgallgofgthegcostsgassignedgtogagjob,gincludinggdirectgmaterials,g
directglabor,goverhead,gandgallgsellinggandgadministrativegcosts.


True False


15. Whengagjobgisgfinished,gitsgjobgcostgsheetgisgcompletedgandgmovedgfromgthegfilegofgjobsgingpr
ocessgtogthegfilegofgfinishedgjobsgthatgaregyetgtogbegdeliveredgtogcustomers.


True False


16. ThegfilegofgjobgcostgsheetsgforgcompletedgbutgundeliveredgjobsgequalsgthegbalancegingthegWo
rkgingProcessgInventorygaccount.


True False


17. Bothgdirectgandgindirectglaborgcostsgaregrecordedgongthegindividualgjobgcostgsheets.


True False




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18. Servicegfirms,gunlikegmanufacturinggfirms,gshouldgonlygusegactualgcostsgwhengdetermininggagsel
linggpricegforgtheirgservices.


True False


19. Jobgordergcostinggisgapplicablegtogmanufacturinggfirmsgonlygandgnotgservicegfirms.


True False


20. ThegcostgofgallgdirectgmaterialsgissuedgtogproductiongisgdebitedgtogWorkgingProcessgInventory.


True False


21. Agmaterialsgrequisitiongisgagsourcegdocumentgusedgbygproductiongmanagersgtogrequestgmaterials
gforgproductiongandgalsogusedgtogassigngmaterialsgcostsgtogspecificgjobsgorgtogoverhead.




True False


22. Whengmaterialsgaregusedgasgindirectgmaterials,gtheirgcostgisgdebitedgtogthegFactorygOverh
eadgaccount.


True False


23. Agmaterialsgrequisitiongisgagsourcegdocumentgusedgbygmaterialsgmanagersgofgagmanufacturingg
companygtogordergrawgmaterialsgfromgsuppliers;gitgservesgthegsamegpurposegasgagpurchasegord
ergingagmerchandisinggcompany.


True False


24. Materialsgrequisitionsgandgtimegticketsgaregcostgaccountinggsourcegdocuments.


True False




02-4
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