In an analogous sense, external user is to internal user as generally accepted accounting principles are to

a. timely.

b. special-purpose.

c. relevance to decision.

d. SEC.

43. All of the following would be entries in assigning accumulated costs to the Work In Process Inventory except:

a. the purchase of raw materials.

b. raw materials are used.

c. overhead is applied.

d. factory labor is used.

44. Factory labor costs

a. are accumulated in a control account.

b. do not include pension costs.

c. include vacation pay.

d. are based on workers net pay.

45. Factory Labor is a(n)

a. expense account.

b. control account.

c. subsidiary account.

d. temporary account.

46. Factory labor costs

a. accumulate in advance of utilization.

b. accumulate in a control account.

c. include sick pay earned by factory workers.

d. accumulate in the Factory Labor Expense account.

47. Which of the following is not a control account?

a. Manufacturing Overhead

b. Raw Materials Inventory

c. Accounts Receivable

d. All of these are control accounts

48. Manufacturing Overhead would not have a subsidiary account for

a. utilities.

b. property taxes.

c. insurance.

d. raw materials inventory.

49. The entry to record the acquisition of raw materials on account is

a. Work in Process Inventory

Accounts Payable

b. Manufacturing Overhead

Raw Materials Inventory

Accounts Payable

c. Accounts Payable

Raw Materials Inventory

d. Raw Materials Inventory

Accounts Payable

50. Which one of the following best describes a job cost sheet?

a. It is a form used to record the costs chargeable to a specific job and to determine the total and unit costs of the completed job.

b. It is used to track manufacturing overhead costs to specific jobs.

c. It is used by management to understand how direct costs affect profitability.

d. It is a daily form that management uses for tracking worker productivity on which employee raises are based.