11. Under a job order system of cost accounting, the peso amount of the general ledger entry Involved in the transfer of inventory from work in process to finished goods is the sum of the costs charged to all jobs a.started in process during the period b. in process during the period completed during the period d. completed and sold during the period 12. The job order cost sheet 3. is useful only in process costing b. contains only direct costs such as direct materials and direct labor summarizes all costs charged to a particular job d. is discarded after production is completed on a particular job 13. Cost of Goods Manufactured is the recorded cost of the a. work done this period on units completed this period b. work done on all units during the period c. units completed during the period di units started and completed during the period 14. The process of product costing is as follows: a. Cost object-cost valuation - cost accumulation - cost assignment b. Cost object - cost accumulation - cost assignment -cost valuation Cost object-cost assignment - cost accumulation - cost valuation d. Cost object-cost valuation - cost accumulation - cost assignment 15. Which of the following is the correct flow of manufacturing costs? a. Materials, Finished Goods, Cost of Goods Sold, Work in Process b. Materials, Work in Process, finished goods, Cost of Goods Sold c. Work in process, Finished Goods, Cost of Goods Sold, Materials d. Cost of Goods Sold, Materials, Work in Process, Finished Goods 16. In which of the following is manufacturing overhead underallocated? a. Total allocated costs are greater than actual accumulated costs. b. There is a debit balance in the Factory Overhead Control account c. There is a credit balance in the Factory Overhead Control account d. Jobs are overcosted 17. In a job order cost system, the fournal entry to record the application of overhead cost to jobs would include: a. A credit to the Factory Overhead Control account b. A credit to Work in Process account C. A debit to Cost of Goods Sold d. A debit to the Factory Overhead Control account 18. In a job order costing, the use of materials previously purchased usually is recorded as a debit to: a. Work in process Inventory c. Manufacturing overhead b. Finished goods inventory d. Raw materials inventory 19. Factory overhead is debited and payroll is credited for: a. the distribution of indirect labor costs c. the distribution of direct labor costs b. the recording of payroll d. the distribution of withholding tax 20. If Cost of Goods Sold is less than Cost of Goods Manufactured, then: a. there is decrease in Work in process inventory during the period b. cost of goods manufactured is less than total manufacturing cost. c. Finished goods Inventory has decreased during the period d. Finished goods inventory has increased during the period