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21) Process costing most likely used in which of the

Question : 21) Process costing most likely used in which of the : 1876969

21) Process costing is most likely used in which of the following industries?

A) Chemicals

B) Aircraft

C) Construction

D) Printing

22) Process costing is most likely used in which of the following industries?

A) Pharmaceuticals

B) Health Care

C) Shipbuilding

D) Construction

23) Process costing would likely be used by which of the following?

A) Clear Channel Advertising

B) PIP Printing

C) DBA Management Consultants

D) PepsiCo

24) What does direct labor costs plus Manufacturing Overhead equal?

A) Prime costs

B) Operating costs

C) Conversion costs

D) Equivalent costs

25) The costing system used by a company producing custom fireplace mantels would be

A) process costing.

B) job costing.

C) equivalent units costing.

D) conversion cost costing.

26) The costing system used by a company making computer chips would be

A) process costing.

B) job costing.

C) equivalent units costing.

D) conversion cost costing.

27) The costing system used by an oil refinery would be

A) process costing.

B) job costing.

C) equivalent units costing.

D) conversion cost costing.

28) A system for assigning costs for products made in a continuous process is

A) process costing.

B) job costing.

C) equivalent units costing.

D) conversion cost costing.

29) A company manufactures wallets. Last month's costs were:

Direct materials

$235,000

Direct labor

$155,000

Manufacturing Overhead

$82,000

What were the conversion costs for the month?

A) $235,000

B) $390,000

C) $237,000

D) $472,000

30) A company manufactures mirrors. Last month's costs were:

Direct materials

$90,000

Direct labor

$144,000

Manufacturing Overhead

$158,000

What were the conversion costs for the month?

A) $302,000

B) $392,000

C) $234,000

D) $90,000

Solution
5 (1 Ratings )

Solved
Accounting 11 Months Ago 15 Views
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