DOWNLOADgTHEgTestgBankgforgManagerialgAccountingg5thgEditiongWild
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
02-1
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HillgEducation.gAllgrightsgreserved.gNogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofg McGraw-
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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
Copyrightg©g2016gMcGraw-
HillgEducation.gAllgrightsgreserved.gNogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofg McGraw-
HillgEducation.
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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
02-3
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HillgEducation.gAllgrightsgreserved.gNogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofg McGraw-
HillgEducation.
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, DOWNLOADgTHEgTestgBankgforgManagerialgAccountingg5thgEditiongWild
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
Copyrightg©g2016gMcGraw-
HillgEducation.gAllgrightsgreserved.gNogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofg McGraw-
HillgEducation.
mynursytest.store
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
02-1
Copyrightg©g2016gMcGraw-
HillgEducation.gAllgrightsgreserved.gNogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofg McGraw-
HillgEducation.
mynursytest.store
,DOWNLOADgTHEgTestgBankgforgManagerialgAccountingg5thgEditiongWild
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
Copyrightg©g2016gMcGraw-
HillgEducation.gAllgrightsgreserved.gNogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofg McGraw-
HillgEducation.
mynursytest.store
,DOWNLOADgTHEgTestgBankgforgManagerialgAccountingg5thgEditiongWild
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
02-3
Copyrightg©g2016gMcGraw-
HillgEducation.gAllgrightsgreserved.gNogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofg McGraw-
HillgEducation.
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, DOWNLOADgTHEgTestgBankgforgManagerialgAccountingg5thgEditiongWild
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
Copyrightg©g2016gMcGraw-
HillgEducation.gAllgrightsgreserved.gNogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofg McGraw-
HillgEducation.
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