Process costing is best described by which statement?

A.Only direct materials and manufacturing overhead are assigned to products under process costing.

B.Units produced in a process costing system are unique and are produced individually.

C.Product costs are tracked by department and assigned to products passing through each department.

D.There cannot be any beginning or ending Work in Process Inventory with process costing.

E.None of the answer choices is correct.

Silo Manufacturing received timesheets submitted by employees reflecting $5,000 of direct labor costs to be paid next week. Which one of the following journal entries should Silo record for this transaction? Wages Payable 5,000 Work in Process Inventory 5,000 Work in Process Inventory 5,000 Manufacturing Overhead 5,000

A.Work in Process Inventory 5,000

B.Direct Labor 5,000

C.Wages Payable 5,000

D.Work in Process Inventory 5,000

E.None of the answer choices is correct.

Kaplan Inc. applies overhead on the basis of direct labor hours. During 2012, the predetermined overhead rate used was $9.00. If overhead was underapplied by $16,500 during 2012, which of the following would not be a reason for the underapplied overhead?

A.Estimated direct labor hours differed from actual direct labor hours.

B.Applied overhead was lower than actual overhead.

C.Estimated overhead costs differed from actual overhead costs.

D.Applied overhead was higher than actual overhead.

E.None of the answer choices is correct.

The entry to record wages owed to the production supervisor should include a debit to:

A.Wages Payable.

B.Wages Expense.

C.Work in Process Inventory.

D.Manufacturing Overhead.

E.None of the answer choices is correct.

Which of the following companies would probably not use job order costing?

A.A window washing service.
B.A milk manufacturer.
C.A car repair business.
D.An electrician.
E.None of the answer choices is correct.