51. Job order manufacturing is also known as:
A. Mass production manufacturing.
B. Process manufacturing.
C. Unit manufacturing.
D. Customized production.
E. Standard costing.
52. Dell Builders manufactures each house to customer specifications. It most likely would use:
A. Capital process costing.
B. A periodic inventory system.
C. Unique costing.
D. Job order costing.
E. Activity-based costing.
53. A job order manufacturing system would be appropriate for a company that produces which one of the following items?
A. A landscaping design for a new hospital.
B. Seedlings for sale in a nursery.
C. Sacks of yard fertilizer.
D. Packets of flower seeds.
E. Small gardening tools, including rakes, shovels, and hoes.
54. Large aircraft manufacturers such as McDonnell Douglas normally use:
A. Job order costing.
B. Process costing.
C. Mixed costing.
D. Full costing.
E. Simple costing.
55. A document in a job order cost accounting system that is used to record the costs of producing a job is a(n):
A. Job cost sheet.
B. Job lot.
C. Finished goods summary.
D. Process cost system.
E. Units-of-production sheet.
56. A job cost sheet shows information about each of the following items except:
A. The direct labor costs assigned to the job.
B. The name of the customer.
C. The costs incurred by the marketing department in selling the job.
D. The overhead costs assigned to the job.
E. The direct materials costs assigned to the job.
57. The job order cost sheets used by Garza Company revealed the following:
Job. No.
|
Bal. May 1
|
May Production Costs
|
124
|
$1,700
|
$----
|
125
|
1,200
|
300
|
126
|
----
|
900
|
|
|
|
Job No. 125 was completed during May and Jobs No. 124 and 125 were shipped to customers in May. What was the company’s cost of goods sold for May and the goods in process inventory on May 31?
A. $3,200; $900
B. $2,900; $1,200
C. $1,200; $2,900
D. $1,700; $1,200
E. $4,100; $ 0
58. A job cost sheet includes:
A. Direct materials, direct labor, operating costs.
B. Direct materials, overhead, administrative costs.
C. Direct labor, overhead, selling costs.
D. Direct material, direct labor, overhead.
E. Direct materials, direct labor, selling costs.
59. A perpetual record of a raw materials item that records data on the quantity and cost of units purchased, units issued for use in production, and units that remain in the raw materials inventory is called a(n):
A. Materials ledger card.
B. Materials requisition.
C. Purchase order.
D. Materials voucher.
E. Purchase ledger.
60. A source document that production managers use to request materials for manufacturing and that is used to assign materials costs to specific jobs or to overhead is a:
A. Job cost sheet.
B. Production order.
C. Materials requisition.
D. Materials purchase order.
E. Receiving report.