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1. Overhead application is recorded with a
   1. credit to Work in Process Inventory.
   2. credit to Manufacturing Overhead.
   3. debit to Manufacturing Overhead.
   4. credit to job cost sheets.

1. Companies assign manufacturing overhead to work in process on an estimated basis through the use of a(n)
   1. actual overhead rate.
   2. estimated overhead rate.
   3. assigned overhead rate.
   4. predetermined overhead rate.

1. The principal accounting record used in assigning costs to jobs is
   1. a job cost sheet.
   2. the cost of goods manufactured schedule.
   3. the Manufacturing Overhead control account.
   4. the stores ledger cards.

1. In a process cost system,
   1. a Work in Process account is maintained for each product.
   2. a materials requisition must identify the job on which the materials will be used.
   3. a Work in Process account is maintained for each process.
   4. one Work in Process account is maintained for all the processes, similar to a job order cost system.

1. Which of the following manufacturing cost elements occurs in a process cost system?
   1. Direct materials.
   2. Direct labor.
   3. Manufacturing overhead.
   4. All of these.

1. It is necessary to calculate equivalent units of production in a department because
   1. a physical count of units is impossible.
   2. some units worked on in the department are not fully complete.
   3. the physical units in the department are always 100% complete.
   4. at times a department may use a job order cost system and then switch to a process cost system.

1. Department One of a two department production process shows:

Units

Beginning Work in Process 10,000

Ending Work in Process 50,000

Total units to be accounted for 160,000

How many units were transferred out to Department 2?

1. 50,000.
2. 110,000.
3. 160,000.
4. 150,000.

1. 20,000 units in a process that are 70% complete are referred to as:
   1. 20,000 equivalent units of production.
   2. 6,000 equivalent units of production.
   3. 14,000 equivalent units of production.
   4. 34,000 equivalent units of production.

1. To use activity-based costing, it is necessary to know the
   1. cost driver for each activity cost pool.
   2. expected use of cost drivers per activity.
   3. expected use of cost drivers per product.
   4. all of the above.