1The costing system that reflects the amount of raw materials purchased, direct labor used, and manufacturing overhead applied in the Cost of Goods Sold account is the:

process costing system

job order costing system

direct costing system

backflush costing system

2 Which of the following is not included in cost of work-in-process?

Purchase of raw material

Requisition of raw material

Direct labor

Application of overhead

3

The direct labor usage variance is calculated as:

(Actual Price - Standard Price) x Standard Quantity Allowed

(Standard Quantity Allowed - Actual Quantity) x Actual Price

(Actual Quantity - Standard Quantity Allowed) x Standard Price

(Standard Price - Actual Price) x Actual Quantity