Expert accounting needed 5 easy multiple choice:

15) Debits to the Manufacturing Overhead account record:

a. The actual amounts of overhead costs incurred during a period.

b. The amount of overhead applied to production during a period.

c. The amount of overhead incurred on a specific job.

d. All conversion costs of a period.

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21) The basic types of cost accounting systems are: (either a or b?)

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.

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23) The computation of equivalent units is generally not necessary when: (either b or d)?

A. Beginning work-in-process inventories are significantly larger than ending work-in-process inventories.

B. Beginning and ending work in process inventories differ only slightly.

C. The number of units in ending work-in-process exceeds the number of units completed and transferred to finished goods during the period.

D. Per-unit costs become distorted as a result of not computing equivalent units of production.

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24) Process costing systems:

A. Are used when companies produce homogeneous units.

B. Do not have work in process accounts for each department.

C. Do not use equivalent units of production.

D. Track costs to individual products.

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25) In a process costing system, the number of units started and completed for a period is equal to:

A. Units transferred out less units in beginning work in process.

B. Units transferred out less units in ending work in process.

C. Units transferred out plus units in beginning work in process.

D. Units transferred out plus units in ending work in process.