Question: QUESTION 1 Process cost accounting is used when A. the production process is continuous production is aimed at filling a specific customer order. C. dissimilar
QUESTION 1 Process cost accounting is used when A. the production process is continuous production is aimed at filling a specific customer order. C. dissimilar products are involved. D.costs are to be assigned to specific jobs. QUESTION 2 in a process cost system A sw.I.P account is kept for each product. B. a materials requisition must identify the job on which the materials will be used Ca WIP account is kept for each process. Done WIP account is maintained for all the processes, similar to a job order cost system QUESTION 3 Department of a two department production process shows: Units Beginning Work in Process 10.000 Ending Work in Process 15,000 Total ones to be accounted for 40,000 How many units were started into production in Department 17 O A 25.000 8.65,000 55.000 OD. 30.000 QUESTION 4 Department of a two department production process shows: Units Beginning Work in Process 10,000 Ending Work in Process 15.000 Total units to be accounted for 40.000How many units were transferred out to Department 27 A 25,000 B. 65,000 OC. 55,000 D. 30,000
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