Question 1

In a process cost accounting system,direct materials used are debited to the _________________ account,and indirect materials used are debited to the ______________________ account.

Accepted Answer

The answer of In a process cost accounting system,direct materials...

Question 2

In process cost accounting systems,when units are transferred from the Softening Department to the Hardening Department,____________________ is debited and __________________________ is credited.

Accepted Answer

The answer of In process cost accounting systems,when units are...

Question 3

On a process cost summary,the total costs to account for (the processing costs for the period plus the goods in process at the beginning of the period)should equal ___________________ (____________________ plus _____________________).

Accepted Answer

The answer of On a process cost summary,the total costs...

Question 4

Materials and labor costs that are clearly associated with a specific process are known as ___________________.Those costs that are not clearly associated with a specific process are called ________________.

Accepted Answer

The answer of Materials and labor costs that are clearly...

Question 5

The three distinct groups of units that must be considered in determining the equivalent units of production under the FIFO method of process costing are: (a)_______________,(b)_______________,and (c)_____________________.

Accepted Answer

The answer of The three distinct groups of units that...

Question 6

________ distinct groups of units must be considered in determining the equivalent units of production under the FIFO method of process costing.

Accepted Answer

The answer of ________ distinct groups of units must be...

Question 7

In a manufacturing operation with two process departments (1 and 2),the flow of costs would proceed from Goods in Process,Dept #1 to ________________ to _______________ to ______________.

Accepted Answer

The answer of In a manufacturing operation with two process...

Question 8

In process costing,factory overhead incurred does not usually equal that applied,which yields either ____________________ or ___________________ overhead.

Accepted Answer

The answer of In process costing,factory overhead incurred does not...

Question 9

In a process cost accounting system,factory wages are debited to _______________,and when direct labor is used,that account is credited and ____________________ is debited.When indirect labor is used,the ________________________ account is debited and ______________________ is credited.

Accepted Answer

The answer of In a process cost accounting system,factory wages...

Question 10

A ____________________ system contains features of both process and job order operations.

Accepted Answer

The answer of A ____________________ system contains features of both...

Question 11

Match between columns
                        Premises:  Costing system to determine the cost of producing each job or job lot.
 Document that summarizes the materials a department uses during a reporting period; replaces materials requisition.
 Report of costs charged to a department, its equivalent units of production achieved, even the costs assigned to its output.
 A manufacturing system that contains features of both process and job order systems.
 Number of units that would be completed if all effort during a period had been applied to units that were started and finished.
 System of assigning direct materials, direct labor, and overhead to specific processes; total costs associated with each process are then divided by the number of units passing through that process to determine cost per equivalent unit.
 Process of products in a continuous flow of steps.

Accepted Answer

The Answer of Equivalent units of production and Job order is...

Quiz 16: Process Costing

In a process cost accounting system,direct materials used are debited to the _ account,and indirect materials used are debited to the ______ account.

In process cost accounting systems,when units are transferred from the Softening Department to the Hardening Department, is debited and ______ is credited.

On a process cost summary,the total costs to account for (the processing costs for the period plus the goods in process at the beginning of the period)should equal _ ( plus ___).

Materials and labor costs that are clearly associated with a specific process are known as ___.Those costs that are not clearly associated with a specific process are called .

The three distinct groups of units that must be considered in determining the equivalent units of production under the FIFO method of process costing are: (a)_______,(b)_,and (c)_______________.

________ distinct groups of units must be considered in determining the equivalent units of production under the FIFO method of process costing.

In a manufacturing operation with two process departments (1 and 2),the flow of costs would proceed from Goods in Process,Dept #1 to ________ to _ to ________.

In process costing,factory overhead incurred does not usually equal that applied,which yields either __ or _ overhead.

In a process cost accounting system,factory wages are debited to _,and when direct labor is used,that account is credited and is debited.When indirect labor is used,the account is debited and ________ is credited.

A ____________________ system contains features of both process and job order operations.

Match the following definitions with the appropriate terms