ECE 644
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Chapter 02 Job-Order Costing 
 
True / False Questions 
 
 
1.	The use of predetermined overhead rates in a job-order cost system makes it possible to estimate the total cost of a given job as soon as production is completed. 
 
True	False 
2.	A job cost sheet is used to accumulate costs charged to a job. 
 
True	False 
3.	The following journal entry would be made to apply overhead cost to jobs in a job-order costing system: 
 
 
 
 
True	False 
4.	Under a job-order cost system the Work in Proce...
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ECE 644•ECE 644
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Chapter 02 Job-Order Costing 
 
True / False Questions 
 
 
1.	The use of predetermined overhead rates in a job-order cost system makes it possible to estimate the total cost of a given job as soon as production is completed. 
 
True	False 
2.	A job cost sheet is used to accumulate costs charged to a job. 
 
True	False 
3.	The following journal entry would be made to apply overhead cost to jobs in a job-order costing system: 
 
 
 
 
True	False 
4.	Under a job-order cost system the Work in Proce...
At the date of an acquisition which is not a bargain purchase, the 
acquisition method 
A. consolidates the subsidiary's assets at fair value and the liabilities at 
book value. 
B. consolidates all subsidiary assets and liabilities at 
book value. 
C. consolidates all subsidiary assets and liabilities at 
fair value. 
D. consolidates current assets and liabilities at book value, long-term 
assets and liabilities at fair value. 
E. consolidates the subsidiary's assets at book value and the lia...
- Exam (elaborations)
- • 376 pages's •
-
ECE 644•ECE 644
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At the date of an acquisition which is not a bargain purchase, the 
acquisition method 
A. consolidates the subsidiary's assets at fair value and the liabilities at 
book value. 
B. consolidates all subsidiary assets and liabilities at 
book value. 
C. consolidates all subsidiary assets and liabilities at 
fair value. 
D. consolidates current assets and liabilities at book value, long-term 
assets and liabilities at fair value. 
E. consolidates the subsidiary's assets at book value and the lia...
Test Bank for Human Anatomy 3rd Edition McKinley
- Exam (elaborations)
- • 287 pages's •
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ECE 644•ECE 644
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Test Bank for Human Anatomy 3rd Edition McKinley
ECE 644 Test Bank for Taxation of Individuals 4th Edition Spilker, Ayers, Robinson, Outslay, Worsham, Barric
- Exam (elaborations)
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ECE 644•ECE 644
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ECE 644 Test Bank for Taxation of Individuals 4th Edition Spilker, Ayers, Robinson, Outslay, Worsham, Barric