Cost Accounting Exam 3
Questions and Answers
Updated 2026
WhichBofBtheBfollowingBstatementsBisB(are)BtrueBregardingBproductBcosting?
(A)BABjobBisBaBcostBobjectBthatBcanBbeBeasilyBandBconvenientlyBdistinguishedBfromBo
therBcostBobjects.
(B)BJobBcostBsheetsBareBusedBinBaccountingBsystemsBasBaBsubsidiaryBledgerBforBtheB
Work-in-ProcessBaccount.
OnlyBABisBtrue
OnlyBBBisBtrue
BothBABandBBBareBtrue
NeitherBABnorBBBisBtrueB-BAnswerBBothBABandBBBareBtrue
WhichBofBtheBfollowingBisBnotBaBcharacteristicBofBjobBcosting?
(A)BEachBjobBisBdistinguishableBfromBotherBjobs.
(B)BIdenticalBunitsBareBproducedBonBanBongoingBbasis.
(C)BJobBcostBdataBareBusedBforBsettingBpricesBandBbids.
(D)BItBisBpossibleBtoBcompareBactualBcostsBwithBestimatedBcosts.B-
BAnswerB(B)BIdenticalBunitsBareBproducedBonBanBongoingBbasis
TheBfollowingBareBMarginBCo.'sBproductionBcostsBforBDecember:B
BDirectBMaterialB$B100,000B
BDirectBLaborB90,000B
BFactoryBOverheadB4,000B
Questions and Answers
Updated 2026
WhichBofBtheBfollowingBstatementsBisB(are)BtrueBregardingBproductBcosting?
(A)BABjobBisBaBcostBobjectBthatBcanBbeBeasilyBandBconvenientlyBdistinguishedBfromBo
therBcostBobjects.
(B)BJobBcostBsheetsBareBusedBinBaccountingBsystemsBasBaBsubsidiaryBledgerBforBtheB
Work-in-ProcessBaccount.
OnlyBABisBtrue
OnlyBBBisBtrue
BothBABandBBBareBtrue
NeitherBABnorBBBisBtrueB-BAnswerBBothBABandBBBareBtrue
WhichBofBtheBfollowingBisBnotBaBcharacteristicBofBjobBcosting?
(A)BEachBjobBisBdistinguishableBfromBotherBjobs.
(B)BIdenticalBunitsBareBproducedBonBanBongoingBbasis.
(C)BJobBcostBdataBareBusedBforBsettingBpricesBandBbids.
(D)BItBisBpossibleBtoBcompareBactualBcostsBwithBestimatedBcosts.B-
BAnswerB(B)BIdenticalBunitsBareBproducedBonBanBongoingBbasis
TheBfollowingBareBMarginBCo.'sBproductionBcostsBforBDecember:B
BDirectBMaterialB$B100,000B
BDirectBLaborB90,000B
BFactoryBOverheadB4,000B