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Process costing would be most likely used by a firm that produces heterogeneous products.

提问人:网友xin135 发布时间:2022-01-07
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更多“Process costing would be most …”相关的问题
第1题
Which of the following statements about a process costing system is incorrect?

A、In a process costing system, there is a work-in-progress account for each processing department.

B、In a process costing system, equivalent units are separately computed for materials and for conversion costs.

C、In a process costing system, overhead can be under- or overapplied, just as in job-order costing.

D、In a process costing system, materials costs are traced to units of products.

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第2题
Job-order and process costing are similar in that they both deal with assigning materials, labor and overhead to products as a way to calculate the unit product cost.
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第3题
Process costing systems trace and apply manufacturing costs to jobs
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第4题
The accounting for scrap under process costing is similar to the accounting under:

A、job costing when scrap is different for each job

B、job costing when scrap is common to all jobs

C、process costing when scrap is different for each job

D、process costing when scrap is a common to all jobs

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第5题
A process costing system is best used by companies that produce many units of different product
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第6题
A difference between job costing and process costing is that:

A、job-costing systems usually do not distinguish between normal spoilage attributable to all jobs and normal spoilage attributable to a specific job

B、job-costing systems usually distinguish between normal spoilage attributable to a specific job and spoilage common to all jobs

C、process costing normally does not distinguish between normal spoilage attributable to a specific job and spoilage common to all jobs

D、Both B and C are correct.

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第7题
Which method will produce the highest values for work in process and finished goods inventories?

A、Absorption costing

B、Variable costing

C、They produce the same values for these inventories

D、It depends

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第8题
A company may use job costing to assign costs to different product lines and then use process costing to calculate unit costs within each product line.
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第9题
Which of the following statements about a process costing system is incorrect?

A、The flow of costs through the manufacturing accounts is basically the same for process and job-order costing.

B、Direct materials, direct labor and manufacturing overhead are added to Work in Process.

C、When work in process is completed, the costs are transferred to Finished Goods..

D、When finished goods are sold, the costs are transferred to Ending Inventory

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