EXAM 3 MC Flashcards
1
Q
WHICH ONE OF THE FOLLOWING SHOULD BE EQUAL TO THE BALANCE OF THE WORK IN PROCESS INVENTORY ACCOUNT AT THE END OF THE PERIOD
A
THE SUM OF THE COSTS SHOWN ON THE JOB COST SHEETS OF UNFINISHED JOBS
2
Q
IF ACTUAL OVERHEAD IS GREATHER THAN APPLIED MANUFACTURING OVERHEAD, THEN MANUFACTURING OVERHEAD IS
A
UNDERAPPLIED
3
Q
WHICH OF THE FOLLOWING WOULD BE ACCOUNTED FOR USING A JOB ORDER COST SYSTEM
A
THE CONSTRUCTION OF A NEW CAMPUS BUILDING
