For which of the complying with businesses would a process cost device be appropriate?A. Boat repair serviceB. Tradition furniture manufacturerC. DressmakerD. Shampoo manufacturer


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Process and also job order expense systems are similar in all of the complying with ways exceptA. Both use project order expense cardsB. Both keep perpetual inventoriesC. Both accumulate product costs—direct materials, straight labor, and factory overheadD. Both allocate product cost to devices produced
The price system best suited to markets that manufacture a large number of the same units of products on a consistent basis isA. Project orderB. First-in, first-outC. DepartmentalD. Process
In process cost accounting, the costs of direct materials and also direct labor room charged straight toA. Project ordersB. Processing departmentsC. Customer accounts D. Receivable
The two categories of cost consisting of conversion costs areA. Straight labor and indirect laborB. Factory overhead and also direct materialsC. Straight labor and direct materialsD. Straight labor and also factory overhead
If a firm uses a process costing system to account for the prices in its 5 production departments, how countless work in process accounts will it use?A. 5B. 4C. 2D. 6
Department M had 600 systems 60% perfect in process at the start of June, 6,000 devices completed throughout June, and 700 systems 30% perfect at the finish of June. Using the first-in, first-out an approach of perform costing, what to be the variety of equivalent systems of production for conversion expenses for the period?a. 5,850 unitsb. 5,640 unitsc. 7,300 unitsd. 6,700 units
A type prepared periodically for each processing department summarizing the units for i beg your pardon the room is accountable and also the systems to be assigned costs and the prices charged come the department and the allocation that these prices is termed aA. Manufacturing expense reportB. Expense of manufacturing reportC. Manufacturing facility overhead manufacturing reportD. Process cost report
Department W had actually 2,400 units, one-third completed at the beginning of the period; 16,000 units were moved to room X from department W throughout the period; and 1,800 systems were one-half completed at the finish of the period. Assume the perfect ratios use to straight materials and conversion costs.What is the total number of units to be assigned cost on the expense of manufacturing report because that Department W?a. 13,600 unitsb. 12,000 unitsc. 17,800 unitsd. 18,500 units
The adhering to production data to be taken from the documents of the Finishing Department for June: perform in process, June 1 (30% completed) 4,000 devices Completed units throughout June 65,000 units ending inventory (60% complete) 7,000 unitsWhat is the number of conversion identical units of manufacturing in the June 30 Finishing department inventory, assuming the the first-in, first-out technique is used to price inventories?a. 70,400 unitsb. 66,200 unitsc. 4,200 unitsd. 68,000 units
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Fundamental Financial accountancy Concepts9th EditionChristopher Edmonds, Frances M McNair, Philip R. Olds, cutting board P. Edmonds
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