Question

28 Which of the following are the two main types of cost accounting systems for manufacturing operations? a process cost and general accounting systems b. job order cost and process cost systems c. job order and general accounting systems d. process cost and replacement cost systems 29. For which of the following businesses would the job order cost system be appropriate a. canned soup processor b. oil refinery c. lumber mill d. hospital 30. For which of the following businesses would the process cost system be appropriate? a. a custom cabinet maker b. a landscaper c. a paper mill d. a catering firm 31. Which of the following is the correct flow of manufacturing costs? a raw materials, work in process, finished goods, cost of goods sold b. raw materials, finished goods, cost of goods sold, work in process c. work in process, finished goods, raw materials, cost of goods sold d. cost of goods sold, raw materials, work in process, finished goods 32. The document authorizing the issuance of materials from the storeroom is a a materials requisition b. purchase requisition c. receiving report d. purchase order 33. In a job order cost accounting system, when goods that have been ordered are received, the receiving department personnel count, inspect the goods, and complete a a. purchase order b. sales invoice c. receiving report d. purchase requisition 34. The basis for recording direct and indirect labor costs incurred is a summary of the period's a job order cost sheets b. time tickets c. employees' earnings records d. clock cards

Answer 1

28. Option B Job order costing and process costing are two main types of costing systems

29. Option D

30. Option C

31. Option A

32. Option A 33. Option C