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Process Costing Quiz 3 (25 MCQs)

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1. Included in variable costs are:
2. There are two approaches for dealing with the prior-period output and prior-period costs found in beginning work in process:the weighted average method and the FIFO method.
3. The journal entry that assigns raw materials costs in a process costing system includes
4. If the beginning work in process equivalent units is 2500 units, work done in current period equivalent units is 3800 units and units completed in current period are 4000, then ending work in process equivalent units will be
5. The cost of a department's transferred-in goods is the cost of
6. A process cost system would be used for all of the following products except _____
7. Completed units and Transferred out from first department will become _____ for the second department.
8. There are 1, 000 units in process at the end of the period. They are 40% complete with respect to conversation. Direct materials are added at the end of the process. How many EUP for conversion costs?
9. BONUS!!!When was Ko Hadi born?
10. In RXZ Company, there are zero units in beginning work in process, 7, 000 units started into production, and 500 units in ending work in process 20% completed. The physical units to be accounted for are:
11. In process manufacturing, the manufacturing input categories include
12. Differences between a job order cost system and a process cost system include all of the following except the
13. A transfer of RM24, 000 from the assembly department to the packaging department would require the entry of a:
14. Process costing is applicable in _____
15. Process costing will be used for all of the following products except:
16. A cost incurred in one processing department that s transferred to the next processing department is called a
17. Under the _____ method there are two categories of completed units; units started and completed during the period and units from beginning inventory
18. The total costs incur in a production process, is divided by total number of output units to calculate the
19. _____ are of relatively smaller / insignificant value.
20. Process costing is applied when
21. A company making identical items through a series of uniform processes uses what costing system?
22. If input unit for Process 1 is 20, 000 unit, a normal loss for 2% of input will be:
23. Input in a process is 4000 units and normal loss is 20%. When finished output in the process is only 3, 240 units, there is an
24. If the beginning work in process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and ending work in process equivalent units are 5000, then complete equivalent units in current period are
25. The combined direct labor and factory overhead per equivalent unit is called the:
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