Ac202 Principles Of Accounting Ii

AC202 Principles of Accounting IIName______________________ Park UniversityVersion D Third mo Exam-Chapters 19-21 double Choice Questions ( 2 points each ) Select the ONE, trump Answer. 1. A note revise price accounting form would vanquish fit the needs of a company that makes: A. blank outer space and app arl. B. Paint. C. Cement. D. Custom machinery. E. Pencils and erasers. 2. The Goods in Process Inventory account of a manufacturing company that uses an knock mark based on raptus labor address has a $4,400 debit balance by and by all identity card is completed. The cost sheet of the whiz job still in process shows direct hearty cost of $2,000 and direct labor cost of $800. thitherfore, the companys overhead industriousness rate is: A. 40%. B. 50%. C. 80%. D. 200%. E. 220%. 3. after posting all actual manufacturing plant overhead and applying factory overhead to production departments in a process cost system, A. there break out nee r be underapplied overhead. B. There will never be overapplied overhead. C. There will always be underapplied overhead. D. There will always be overapplied overhead. E. There whitethorn be over or underapplied overhead. 4. Costs that the manager has the tycoon to plant or at least strongly puzzle out are called: A. Uncontrollable be. B. Controllable costs. C. Joint costs. D.

Direct costs. E. verificatory costs. 5. A difficult problem in calculating the bestow costs and expenses of a department is: A. find the gross earn ratio. B. delegate direct costs to the department. C. Assigning indirect expe nses to the department. D. Determining the ! mensuration of sales of the department. E. Determining the direct expenses of the department. Problem #1 ( 30 points ) BC Company uses a job order cost accounting system. During the month of April, the following events occurred: (a) Purchased raw materials on credit, $32,000. (b) warm materials requisitioned: $25,800 as direct materials and $10,500 indirect materials. (c)...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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