dont need explanations!

QUESTION 1 Managerial accounting looks at three broad functions which include a. planning controlling and selling b. directing, controlling and evaluating c. planning evaluating and manufacturing d. planning, controlling and evaluating ob QUESTION 2 Prime cost include a. fixed cost and variable cost b. direct material and overhead c. direct labor and overhead d. direct material and direct labor Ob QUESTION 3 How many inventory accounts does a manufacturing company have? a. one b. two c. three d. four QUESTION 4 Cost that are incurred as part of the manufacturing process, but are not clearly traceable to the specific unit of product or batches of product, are called a. variable cost b. direct material c. period cost d. overhead cost O a Ob Od QUESTIONS A job order costing system is most likely used by which of the following? 1. a pet food manufacturer 2. a paper manufacturing company 3. an accounting firm specializing in tax returns 4. a stereo manufacturing company O Ob Oc Od QUESTION 6 Which of the following is a conversion cost? A. raw materials B. direct materials C. administrative expenses D. factory depreciation expenses QUESTION 7 Assigning indirect costs to specific jobs is completed by which of the following? A. applying the costs to manufacturing overhead B. using the predetermined overhead rate C. using the manufacturing costs incurred D. applying the indirect labor to the work in process inventory Ob Od QUESTION 8 A direct cost is one that is a. variable with respect to the cost object b. fixed with respect to the cost object c. traceable to the cost object d. a period cost OOOO QUESTION 9 Which of the following product situations is better suited to job order costing than to process costing? 1. Each product batch is exactly the same as the prior batch 2. The costs are easily traced to a specific product. 3. Costs are accumulated by department 4. The value of work in process is based on assigning standard costs QUESTION 10 Which document shows the cost of direct materials, direct labor, and overhead applied for each specific job? 1. job cost sheet 2. purchase order 3. materials requisition form 4. receiving document O a Ob Od QUESTION 11 During production, to what are the costs in job order costing applied? 1. manufacturing overhead 2. cost of goods sold 3. each individual product 4. each individual department QUESTION 12 Which of the following is a prime cost? A. Indirect materials B. direct labor C. administrative expenses D. factory depreciation expenses QUESTION 15 Nonproduction cost that are expensed immediately when incurred are called: a. direct cost b. Indirect cost c. period cost d. variable cost Ob Od QUESTION 16 What product cost is both a prime cost and a conversion cost? a. direct material b. direct labor c. variable cost d. overhead OOOO QUESTION 17 Conversion cost include a. fixed cost and variable cost b. direct material and overhead c. direct labor and overhead d. direct material and direct labor Click Save and Submit to save and submit. Click Save All Answers to save all answers. Co search QUESTION 18 The three major cost components of manufacturing a product are a. direct material, direct labor, and overhead cost b. period cost, product cost and conversion cost c. fixed cost, variable cost, and overhead cost d. overhead cost, fixed cost, and direct cost QUESTION 19 Continuous Improvement a. Is used to reduce inventory levels b. is applicable only in service businesses c. rejects the notion of "good enough" d. is used to reduce ordering costs