This quiz works best with JavaScript enabled. Home > Accounting > Cost Accounting > Job Order Costing > Job Order Costing – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Job Order Costing Quiz 2 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Information that does not have to be on the Job Cost Sheet A) Order identity. B) Raw material data used. C) Data on labor and applied overhead. D) All answers are wrong. Show Answer Correct Answer: D) All answers are wrong. 2. The source documents that production managers use to request materials for production and which are used to assign the cost of materials to specific jobs or to overhead are: A) Materials Purchase Order. B) Materials Requisition. C) Job Cost Sheet. D) Production Order. Show Answer Correct Answer: B) Materials Requisition. 3. Which company is likely to use a job-order costing system? A) Petroleum processor. B) Soft drink bottler. C) Paper manufacturer. D) Housing contractor. Show Answer Correct Answer: D) Housing contractor. 4. Charging factory overhead that is too low than it actually is called A) Undercontrolled. B) Underapplied. C) Overapplied. D) Overcontrolled. Show Answer Correct Answer: B) Underapplied. 5. Material requirement A for a standard product order is A) 750 unit. B) 2.250 unit. C) 1.000 unit. D) 1.500 unit. Show Answer Correct Answer: D) 1.500 unit. 6. The cost per equivalent unit for direct materials is A) RM14.00. B) RM2.00. C) RM8.00. D) RM4.00. Show Answer Correct Answer: B) RM2.00. 7. Which is true of process costing? A) Overhead is assigned only to the last process. B) Costs are accumulated in each production department. C) It tracks and assigns both period and product costs. D) It uses only one Work-in-Process Inventory account. Show Answer Correct Answer: B) Costs are accumulated in each production department. 8. Total production costs for custom products A) Rp 255.500.000. B) Rp 178.200.000. C) Rp 172.800.000. D) Rp 245.500.000. Show Answer Correct Answer: B) Rp 178.200.000. 9. Name the two basic types of cost accounting systems. A) Job order costing & perpetual costing. B) Job-order costing & process costing. C) Job order costing & periodic costing. D) None of above. Show Answer Correct Answer: B) Job-order costing & process costing. 10. Karakter job order costing A) Accumulated costs based on orders. B) The calculation of the cost per unit is done by dividing the total cost of each order by the number of units produced for that order. C) Products vary greatly. D) All answers are correct. Show Answer Correct Answer: D) All answers are correct. 11. Remaining debt from custom product orders A) Rp 112.500.000. B) Rp 281.250.000. C) Rp 178.200.000. D) Rp 168.750.000. Show Answer Correct Answer: D) Rp 168.750.000. 12. Which document lists the total direct labor used in a specific job? A) Receiving document. B) Purchase order. C) Job cost sheet. D) Employee time ticket. Show Answer Correct Answer: D) Employee time ticket. 13. Calculation of Cost of Production for products that are homogeneous using the approach A) Process costing. B) Job order costing. C) Activity based costing. D) Simple costing. Show Answer Correct Answer: A) Process costing. 14. A job cost sheet includes information about: A) Direct materials, applied overhead, administrative costs. B) Direct materials, direct labour, applied overhead. C) Direct materials, direct labour, operating costs. D) Direct labour, actual overhead, selling costs. Show Answer Correct Answer: B) Direct materials, direct labour, applied overhead. 15. The production activities for a customized product represent a(n): A) Unit. B) Job. C) Operation. D) Pool. Show Answer Correct Answer: B) Job. 16. Persediaan awal:200 units300 units transferred in150 units transferred outBerapa unit persediaan akhir? A) 300. B) 500. C) 200. D) 350. Show Answer Correct Answer: D) 350. 17. In a job order costing system, which of the following costs is not an example of manufacturing overhead cost? A) Fuel used in factory. B) Indirect labor cost. C) Salary of production manager. D) Sales commission. Show Answer Correct Answer: D) Sales commission. 18. Which of the following is an appropriate statement for factory overhead? A) Costs allocated using direct labor hours or machine hours. B) Classified as direct costs. C) Factory overhead costs fluctuate as units produced fluctuate. D) Factory overhead consists of only one type of cost. Show Answer Correct Answer: A) Costs allocated using direct labor hours or machine hours. 19. Which companies are least likely to use a process costing system? A) Paper factory. B) Public accounting firm. C) Petroleum processing company. D) Soft drink bottles. Show Answer Correct Answer: B) Public accounting firm. 20. Bird Company had actual factory overhead of $1,050,000 and a factory overhead rate of $5.00 per machine hour. The machine hours during the current period are 180,000 machine hours. Calculate the factory overhead expensed in the period. A) $ 1, 200, 000. B) $ 1, 050, 000. C) $ 900, 000. D) None of above. Show Answer Correct Answer: C) $ 900, 000. 21. The product is damaged due to an error in the production process, there are several factors that affect it except ..... A) Raw materials are not good. B) Equipment. C) Labor. D) Workmanship specifications that are difficult to set by the customer. Show Answer Correct Answer: D) Workmanship specifications that are difficult to set by the customer. 22. A journal entry to record goods that are completed is A) Debit cost of goods sold, credit finished goods. B) Debit account receivables, credit sales revenue. C) Debit finished goods, credit work in process. D) Debit completed goods, credit work in process. Show Answer Correct Answer: C) Debit finished goods, credit work in process. 23. Of the RM3, 400 total costs for direct materials, what amount will be transferred out? A) RM300. B) RM3400. C) RM3100. D) RM1200. Show Answer Correct Answer: C) RM3100. 24. Which company would most likely use job costing? A) Tax and audit firm. B) Food company. C) Chemical company. D) Petroleum company. Show Answer Correct Answer: A) Tax and audit firm. 25. The overhead cost applied to a job during a period is recorded with a credit to Manufacturing Overhead account and a debit to: A) Work in Process Inventory account. B) Raw Materials Inventory account. C) Finished Goods Inventory account. D) Cost of Goods Sold account. Show Answer Correct Answer: A) Work in Process Inventory account. 26. Among all, which one is the characteristic of job-order cost system. A) Similar goods are being produced. B) Jobs have distinguishing characteristics. C) A series of connected manufacturing processes is necessary. D) Large volumes are produced. Show Answer Correct Answer: B) Jobs have distinguishing characteristics. 27. B material requirements for custom product orders A) 750 unit. B) 2.250 unit. C) 1.500 unit. D) 1.250 unit. Show Answer Correct Answer: C) 1.500 unit. 28. Hypothetical market value is equal to: A) Ultimate market value. B) Ultimate market value plus processing cost after split-off. C) Processing cost after split-off plus marketing and admin expenses. D) Ultimate market value less processing cost after split-off. Show Answer Correct Answer: D) Ultimate market value less processing cost after split-off. 29. Which document shows the cost of direct materials, direct labor, and overhead applied for each specific job? A) Purchase order. B) Receiving document. C) Job cost sheet. D) Materials requisition form. Show Answer Correct Answer: C) Job cost sheet. 30. One of the accounting treatments for leftover materials is credited to the actual BOP account. The statement is true or false? A) Correct. B) Salah. C) Not answering. D) None of above. Show Answer Correct Answer: A) Correct. ← PreviousRelated QuizzesCost Accounting QuizzesAccounting QuizzesJob Order Costing Quiz 1 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books