a range of various products are produced, each one requiring different kinds of products, labor, and overhead.

You are watching: In process cost accounting, manufacturing costs are summarized on a

equivalent assets are mass-created.

A characteristic of commodities that are mass-produced in a continuous fashion is that

they are grouped in batches.

the products are similar or very equivalent in nature.

they are developed at the time an order is obtained.

their costs are gathered on job expense sheets.

the commodities are similar or exceptionally comparable in nature.

A procedure cost system would certainly be offered for all of the complying with products except

soft drinks.

computer chips.

chemicals.

motion pictures.

activity pictures.

Differences between a task order expense device and also a procedure cost system encompass every one of the complying with except the

files provided to track expenses.

unit price computations.

suggest at which costs are totaled.

circulation of expenses.

flow of prices.

In a procedure cost device,

a Work in Process account is kept for each procedure.

one Work in Process account is maintained for all the processes, comparable to a task order cost device.

a materials requisition need to determine the job on which the materials will be provided.

a Work in Process account is preserved for each product.

a Work in Process account is kept for each process.

Which of these finest shows a separating element in between a job order price system and also a procedure price system?

The manufacturing cost elements contained.

The detail at which expenses are calculated.

The time period each covers.

The number of job-related in process accounts.

The variety of work-related in process accounts.

Which of the adhering to is a true statement about process expense systems?

In process expense systems, costs are summarized on job cost sheets.

Unit expenses are not computed in procedure expense units.

In process expense devices, expenses are accumulated however not assigned.

A process price mechanism has one work in procedure account for each procedure.

A process expense system has actually one occupational in procedure account for each procedure.

In a procedure price device, unit prices are figured out using a

denominator of devices created in the time of the period.

denominator of units created for the project.

numerator of costs of each job.

denominator of systems developed for the day.

denominator of systems produced throughout the period.

In process cost accounting, production costs are summarized on a

task order expense sheet.

process order expense sheet.

production cost report.

manufacturing expense sheet.

manufacturing price report.

Which of the following production expense aspects occurs in a process cost system?

Manufacturing overhead.

All of these.

Direct products.

Direct labor.

All of these.

In a process price system, product expenses are summarized:

on task cost sheets.

on manufacturing expense reports.

as soon as the commodities are marketed.

after each unit is produced.

on production cost reports.

When production overhead prices are assigned to production in a process cost system, they are debited to

a Work in Process account.

cost of Goods Sold.

a Manufacturing Overhead account.

the Finiburned Goods Inventory account.

a Work in Process account.

A product calls for handling in 2 departments, the Baking Department and also then the Packaging Department, before it is completed. Costs moved out of the Baking Department will certainly be transferred to:

Manufacturing Overhead.

Cost of Goods Sold.

Work in Process—Packaging Department.

Finimelted Goods Inventory.

Work in Process—Packaging Department.

Which of the adhering to would not show up as a delittle in the Work in Process account of a 2nd department in a two stage manufacturing process?

Materials offered.

Overhead applied.

Labor assigned.

Cost of assets transferred out.

Cost of assets moved out.

Materials requisitions are:

provided more commonly by latter stage production departments.

not offered in process costing.

generally used more generally in process costing than task order costing.

mainly offered less commonly in procedure costing than job order costing.

mainly offered much less typically in procedure costing than job order costing.

A main driver of overhead costs in consistent manufacturing operations is:

machine maintenance dollars.

straight labor hours.

straight labor dollars.

machine hours.

machine hours.

Equivalent devices are calculated by

multiplying the percentage of work done by the indistinguishable systems of output.

dividing physical devices by the percentage of occupational done.

dividing tantamount systems by the percent of occupational done.

multiplying the portion of work done by the physical devices.

multiplying the percentage of job-related done by the physical units.

It is crucial to calculate tantamount systems of manufacturing in a department because

the physical systems in the department are always 100% finish.

some systems operated on in the department are not totally complete.

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at times a department might usage a project order expense system and also then switch to a procedure price mechanism.