1. Which of the following costing systems would always use job cost sheets? A) Job order costing....
Question:
1. Which of the following costing systems would always use job cost sheets?
A) Job order costing.
B) Process costing.
C) Activity-based costing.
D) All three systems.
2. The basic types of cost accounting systems are:
A) Job order cost systems, activity based cost systems, and process cost systems.
B) Direct cost systems and indirect cost systems.
C) Completed job cost systems and work in process cost systems.
D) Fixed cost systems and variable cost systems.
3. A job order cost system would be appropriate in the manufacture of:
A) Paints.
B) Custom-made furniture.
C) Breakfast cereal.
D) Standard-grade plywood.
4. A job cost sheet should:
A) Contain information that summarizes all jobs finished.
B) Contain information on each individual job in process.
C) Contain only the direct costs of a particular job.
D) Only be used for jobs that have been completed.
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