$11$:$12$

Odfb$1$c$74-$a$4$f$2-4$ff$2-9...$

ACCTO $203-$ SPRING $2024-$FINAL EXAM P$2$

$6.$ Which of the following products probably would be manufactured using a job order costing system?

a$.$ Computer monitors

b$.$ Baseball bats

c$.$ Company business cards

d$.$ Paper

$7.$ Which of the following is not a characteristic of a process costing system?

a$.$ Manufacturing costs are grouped by processes, departments, or work cells.

b$.$ Customized products are manufactured.

c$.$ A specific time period is used.

d$.$ Several Work in Process Inventory accounts are used

$8.$ The following data were taken from the accounting records of a company that uses the Weighted Average method in its process costing system:

Beginning work in process inventory: $20,000$ units $($materials $100\%$ complete, conversion costs $60\%$ complete$)$

Started in process during the period: $80,000$ units

Ending work in process inventory: $30,000$ units $($materials $100\%$ complete, conversion costs $70\%$ complete$)$

The equivalent units are

a$.$ materials, $80,000$ units; conversion costs, $91,000$ units.

b$.$ materials, $100,000$ units; conversion costs, $91,000$ units.

c$.$ materials, $100,000$ units; conversion costs, $79,000$ units.

d$.$ materials, $80,000$ units; conversion costs, $79,000$ units.

$9.$ What perspective of the Balanced Scorecard addresses improving employee skills?

a$.$ Financial Perspective

b$.$ Customer Perspective

c$.$ Learning and Growth Perspective

d$.$ Internal Business Process Perspective