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Manufacturing Overhead Quiz 2 (24 MCQs)

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1. A company is more likely to use a job order cost system if:

2. Which of the following would NOT usually be considered a product cost?

3. An overhead costs of insurance on plant, is best be apportioned according to _____

4. What are the components of normal costing system?

5. The overhead cost applied to a job during a period is recorded with a credit to Factory Overhead and a debit to:

6. An important feature of a job order costing is that each job,

7. What are the adjustments for over applied Manufacturing Overhead?

8. All characteristics of job-order costing except,

9. Customs duties increase-

10. Manufacturing overhead is underapplied if:

11. Factory insurance is considered to be a-

12. An overhead costs of rental, is best be apportioned according to _____

13. Explain the concept of actual overhead.

14. Which of the following source documents is used to record the amount of direct materials on the job cost sheet?

15. Predetermined overhead rate (based on direct labour hours) x actual direct labour hours = _____

16. Which company is least likely to use a process costing system?

17. The formula for computing the predetermined manufacturing overhead rate is estimated annual overhead costs divided by estimated annual operating activity, expressed as:

18. Raw materials are assigned to a job when:

19. Which of the following is not considered as a component of product cost?

20. Depreciation on office furniture is considered to be a-

21. What are the components of actual costing system?

22. Where are you unlikely to see job costing being used?

23. In recording the issuance of raw materials in a job order cost system, it would be incorrect to:

24. Conversion costs are

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Manufacturing Overhead Quiz 2 (24 MCQs)

Quiz Instructions:

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