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1. Which of the following are the two main types of cost nccourking systems for manufacturing opcrations? cost and general accounting systems Job erder cost

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1. Which of the following are the two main types of cost nccourking systems for manufacturing opcrations? cost and general accounting systems Job erder cost and process cost systems 2l- order and generul uccouning systems Process cost and replacement cost systems d. 2. Which of the following is the corroct flow of matiufacturing costs? Raw materials, work in process, finished goods, cost of goods sold b. Raw materials, firished goods, cost of goods sold, work in process. c. Work in process, finished goods, raw materials, cost of goods sold d. Cost of goods sold, raw materials work in process, finished goods. 3. Which of the following would record the labor costs to an individaal job? Clock card In-and-out cards Time tickets d. register Thomlin Company forccasts that total overhead for the current year will be $15,00,000 and thar total machine hours will be 200,000 hours. Year to date, the actual ovechcad is $15,500,000 and the actual machine bours are 220,000 bours. If the Thomlin Company uses a predetermined overhcnd rate based on machine hours for applying overhead, what is that overhcad rate? 4. The a. $71 per machine hour b. $78 per machine hour c. $68 per machine hour S75 per machine hour 5. The Thomlin Company forecasts that total overbend for the current year will bo $15,000,000 and that tosal machine hours will be 200,000 hours. Year to date, the actual overhesd is $15,500,000 and the actual machine hours are 220,000 hours. Ir the Thomliin Company uses a predctermined overbead rete basod on machine hours for applying overhend, as of this point in timc (year to date) the overbead is over'under applied by? 1,000,000 over $1,000,000 under $500,000 cver S500,000 under b. 6. A widely used activity base for devekoping factory overlsend rmes in highly nutomated settings is: a. direct labor hours b, direct labor dollars direct materials machine hours 11Page 1. Which of the following are the two main types of cost nccourking systems for manufacturing opcrations? cost and general accounting systems Job erder cost and process cost systems 2l- order and generul uccouning systems Process cost and replacement cost systems d. 2. Which of the following is the corroct flow of matiufacturing costs? Raw materials, work in process, finished goods, cost of goods sold b. Raw materials, firished goods, cost of goods sold, work in process. c. Work in process, finished goods, raw materials, cost of goods sold d. Cost of goods sold, raw materials work in process, finished goods. 3. Which of the following would record the labor costs to an individaal job? Clock card In-and-out cards Time tickets d. register Thomlin Company forccasts that total overhead for the current year will be $15,00,000 and thar total machine hours will be 200,000 hours. Year to date, the actual ovechcad is $15,500,000 and the actual machine bours are 220,000 bours. If the Thomlin Company uses a predetermined overhcnd rate based on machine hours for applying overhead, what is that overhcad rate? 4. The a. $71 per machine hour b. $78 per machine hour c. $68 per machine hour S75 per machine hour 5. The Thomlin Company forecasts that total overbend for the current year will bo $15,000,000 and that tosal machine hours will be 200,000 hours. Year to date, the actual overhesd is $15,500,000 and the actual machine hours are 220,000 hours. Ir the Thomliin Company uses a predctermined overbead rete basod on machine hours for applying overhend, as of this point in timc (year to date) the overbead is over'under applied by? 1,000,000 over $1,000,000 under $500,000 cver S500,000 under b. 6. A widely used activity base for devekoping factory overlsend rmes in highly nutomated settings is: a. direct labor hours b, direct labor dollars direct materials machine hours 11Page

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