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