1. A measure of the productivity of a process with respect to its use of direct materials, direct labor, or overhead, and an expression of the activity of a process as the number of units that would have been processed during a period if all effort had been applied to units that were started and finished during the period, is called: A. Manufacturing overhead. B. Units in process. C. A job cost sheet. D. Equivalent units of production. E. Production Cost Report. 2. Equivalent units of production are equal to: The number of units that could have been completed if all effort had been applied to units that were started and completed that period. A. The number of finished units actually produced that period. B. The number of units introduced into the process that period. C. The number of units still in process that period. D. Physical units that were completed this period from all effort being applied to them. 3. A system of accounting in which the costs of each process are accumulated separately and then assigned to the units of product that passed through the process is a: General cost accounting system. A. Process cost accounting system. B. Job order cost accounting system. C. Manufacturing cost accounting system. D. Goods in process accounting system. 4. Which of the following characteristics applies to process cost accounting and not to job order cost accounting? Use of a predetermined overhead rate. A. Identifiable lots of production. B. Equivalent units of production. C. Labor time ticket for each employee. D. Use of single Goods in Process account. 5. Direct material costs are recorded: Indirectly to Work in Process account. A. Indirectly to a Finished Goods account. B. Directly to a Work in Process account. C. Directly to a Finished Goods account. D. Directly to a Cost of Goods Sold account. 6. Direct labor and indirect labor are recorded, respectively, to: Manufacturing Overhead and Work in Process. A. Work in Process and Finished Goods. B. Finished Goods and Work in Process. C. Work in Process and Manufacturing Overhead. D. Cost of Goods Sold and Finished Goods. 7. During a period, Department A using the FIFO method finished and transferred 50,000 units to Department B. Of the 50,000 units, 20,000 were 1/5 complete at the beginning of the period and 30,000 were started and completed during the period. Also during the period, 10,000 units were started but brought only to a stage of being 3/5 completed. The number of equivalent units produced by Department A during the period was: 46,000 units. A. 50,000 units. B. 52,000 units. C. 54,000 units. D. 56,000 units. 8. The Machining Department started the current month with a beginning goods in process inventory of $10,000. During the month, it was assigned the following costs: direct materials--$76,000; direct labor--$24,000; and factory overhead--50% of direct labor cost. Also, inventory with a cost of $109,000 was transferred out of the department to the next phase in the process. The ending balance of the Work in Process Inventory account for the Machining Department is: $13,000. A. $56,000. B. $59,000. C. $110,000. D. $165,000. 9. During the current period, Department A finished and transferred 50,000 units to Department B. Of the 50,000 units, 20,000 were 1/5 at the beginning of the period and 30,000 were started and completed during the period. Also during the period, 10,000 units were started but brought only to a stage of being 3/5 completed. If $13,000 of overhead was charged to Department A during the period, how much overhead should be allocated to the ending Work in Process Inventory? $4,333. A. $3,250. B. $2,600. C. $2,500. D. $1,500. 10. A company uses a weighted-average process cost accounting system. Its Assembly Department's beginning inventory consisted of 50,000, 3/4 complete with respect to direct labor and overhead. The department started and finished 127,500 units this period. The ending invenory consists of 40,000 units that are 1/4 complete with respect to direct labor and overhead. All direct materials are added at the beginning of the process. The department incurred direct labor costs of $24,000 and overhead costs of $32,000 for the period. The direct labor cost per equivalent unit is: $0.120. A. $0.128. B. $0.178. C. $0.295. D. $0.373