1. Which of the following are period costs? (Points : 1)

INSTANT DOWNLOAD

Solution Guide / Answer Key:

ACCOUNTING

MULTIPLE CHOICE

1. Which of the following are period costs? (Points : 1)

2. Which of the following could be found on the income statement of a service company? (Points : 1)

3. Which of the following costs would appear on the income statements for both a merchandiser and a manufacturer? (Points : 1)

4. A merchandiser's purchases are equivalent to what for a manufacturer? (Points : 1)

5. Which of the following is an example of direct labor? (Points : 1)

6. Which of the following would be debited to record the requisition of direct materials? (Points : 1)

7. Which of the following would be debited to assign the costs of indirect labor? (Points : 1)

8. Which of the following would be credited to accumulate the actual labor costs incurred? (Points : 1)

9. Direct materials flow directly into what account? (Points : 1)

10. In a process costing system, direct labor and manufacturing overhead are normally incurred when? (Points : 1)

11. Which of the following is unique to a process costing system? (Points : 1)

12. In a process costing system, the entry to record the use of direct materials in
production would include which of the following? (Points : 1)

13. The entry to record a $24,000 transfer from the assembly department to the finishing department would include which of the following? (Points : 1)

14. For which of the following are equivalent unit calculations prepared? (Points : 1)

FILE: MS WORD