1. The costs of a job are accounted for on the

a. Materials requisition sheet.

b. Time ticket.

c. Requisition for overhead application.

d. Job-order cost sheet.

e. Sales invoice.

2. Wilson Company has a predetermined overhead rate of $5 per direct labor hour. The job-order cost sheet for Job 145 shows 1,000 direct labor hours costing $10,000 and materials requisitions totaling $7,500. Job 145 had 500 units completed and transferred to Finished Goods. What is the cost per unit for Job 145?

a. $35

b. $135

c. $30

d. $45

e. $22,500

3. When a job costing $2,000 is finished but not sold, the following journal entry is made: (Appendix 5A)

a. Cost of Goods Sold 2,000

Finished Goods 2,000

b. Finished Goods 2,000

Cost of Goods Sold 2,000

c. Finished Goods 2,000

Work in Process 2,000

d. Work in Process 2,000

Finished Goods 2,000

e. Cost of Goods Sold 2,000

Sales 2,000

4. Those departments responsible for creating products or services that are sold to customers are referred to as (Appendix 5B)

a. Profit making departments.

b. Support departments.

c. Cost centers.

d. Production departments.

e. None of the above.

5. Those departments that provide essential services to producing departments are referred to as (Appendix 5B)

a. Revenue generating departments.

b. Support departments.

c. Profit centers.

d. Production departments.

e. None of the above.

6. An example of a producing department is (Appendix 5B)

a. A materials storeroom.

b. The maintenance department.

c. Engineering design.

d. Assembly.

e. All of the above.

7. An example of a support department is (Appendix 5B)

a. Data processing.

b. Personnel.

c. A materials storeroom.

d. Payroll.

e. All of the above.

8. The method that assigns support department costs only to producing departments in proportion to each department’s usage of the service is known as (Appendix 5B)

a. The sequential method.

b. The proportional method.

c. The reciprocal method.

d. The direct method.

e. None of the above.

9. The method that assigns support department costs by giving partial recognition to support department interactions is known as (Appendix 5B)

a. The sequential method.

b. The proportional method.

c. The reciprocal method.

d. The direct method.

e. None of the above.

10. The method that assigns support department costs by giving full recognition to support department interactions is known as (Appendix 5B)

a. The sequential method.

b. The proportional method.

c. The reciprocal method.

d. The direct method.

e. None of the above.