ACCOUNTING ACCCOB3 - Final Exam Reference 75 Questions & Answers. Which of the following could not be used in job order costing?
Group of answer choices
normal costing
an average cost per unit for all jobs
standards
...
ACCOUNTING ACCCOB3 - Final Exam Reference 75 Questions & Answers. Which of the following could not be used in job order costing?
Group of answer choices
normal costing
an average cost per unit for all jobs
standards
overhead allocation based on the job’s DLH
2
Matthias Corporation has provided data concerning the company’s
Manufacturing Overhead account for the month of May. Prior to the
closing of the overapplied or underapplied balance to Cost of
Goods Sold, the total of the debits to the Manufacturing Overhead
account was ₱53,000 and the total credits to the account were
₱69,000.
Which of the following statements is TRUE?
Group of answer choicesActual manufacturing overhead incurred during the month was
₱69,000.
Manufacturing overhead for the month was underapplied by
₱16,000.
Manufacturing overhead transferred from Finished Goods to Cost
of Goods Sold during the month was ₱53,000.
Manufacturing overhead applied to the Work-in-Process
Inventory for the month was ₱69,000.
3
A decrease in the margin of safety would be caused by a (an)
Group of answer choices
decrease in the variable cost per unit.
decrease in the break-even point in units.
increase in total fixed costs.
increase in total revenues or sales.
4 Performance of investment centers can be measured using the
following methods except
economic value-added.
return of investment.
residual income.
profit variance analysis.
5
Statement I: Management Accounting helps the management ofthe firm make data-driven decisions, draw up cohesive plans and
continually make progress towards achieving goals by obtaining,
evaluating, and responding to feedback. (True)
Statement II: Maximizing profit is one of the pillars of management
accounting. (False)
Group of answer choices
Only Statement I is True
Both Statements are False
Both Statements are True
Only Statement II is True
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