Which the the complying with is one of the contents of price accounting? A. It entails the decision of company profits.B. It requires GAAP to it is in applied.C. It entails measuring product costs. D. The requires price minimizing principles.

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The two basic types that cost audit systems room a. Job order and procedure cost systems. B. Procedure cost and also batch systems. C. Project order and batch systems. D. Job order and also job accumulation systems.
Which that the following would be accounted for using a job order cost system?a. The refining that petroleum. B. The manufacturing of automobiles. C. The construction of a brand-new campus building. D. The production of an individual computers.
Process costing is not used when a. Work have differentiating characteristics. B. A series of connected manufacturing processes is necessary. C. Similar goods room being produced. D. Big volumes are produced.
In a task order cost accounting system, the Raw materials Inventory account isa. One expense.b. No used.c. A duration cost.d. A regulate account.
The two major steps in the circulation of expenses area. Allocating and also assigning.b. Accumulating and assigning.c. Accumulating and amortizing.d. Acquiring and also accumulating.
Records of separation, personal, instance items of raw products would not be maintaineda. On stores ledger cards.b. Electronically.c. Manually.d. In the Raw materials Inventory account
Which that the complying with is not consisted of in factory labor costs? a. Gross earnings. B. Fringe benefits.c. Employee payroll taxes.d. Network earnings.
Which the the following is not a manage account? a. Account Receivable b. Manufacturing facility Laborc. Raw materials Inventory.d. Production Overhead.
Factory labor costs a. Are based upon workers" net pay.b. Are gathered in a control accountc. Encompass vacation pay.d. Perform not incorporate pension costs.

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Job cost sheets constitute the subsidiary ledger because that thea. Cost of items Sold account.b. Job-related In process Inventory account.c. Price of goods Manufactured accountd. Finished products Inventory account.



Intermediate Accounting, Binder ready Version16th EditionDonald E. Kieso, Jerry J. Weygandt, terry D. Warfield