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ch4
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Which of the following statements is correct? Job costing information is used_____ A. to develop strategies B. to make pricing decisions C. for external financial reporting D. All of these answers... are correct. 2. Which of the following statements is correct? In a costing system_____ A. cost tracing allocates indirect costs B. cost allocation assigns direct costs C. a cost-allocation base can be either financial or nonfinancial D. a cost object should be a product and not a department or a geographic territory 3. Direct costs are assigned to a cost object through which of the following methods? A. cost allocation B. cost assignment C. cost pooling D. cost tracing 4. Which of the following statements is correct? Job costing____ A. can only be used in manufacturing B. records the flow of costs for each customer C. allocates an equal amount of cost to each unit made during a time period D. is commonly used when each unit of output is identical 5. Actual costing is a costing method that allocates______________ indirect costs. A. actual B. budgeted C. estimated D. predetermined [Show More]
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