ACCOUNTING ACTUAL EXAM 2024/2025
QUESTIONS AND ANSWERS ALREADY GRADED
A 100% PASS GUARANTEED
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
, 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
, 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.
QUESTIONS AND ANSWERS ALREADY GRADED
A 100% PASS GUARANTEED
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
, 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
, 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.
