What is the document which is prepared by manufacturing personnel to request materials for the production process?

A.

Cost ticket

B.

Materials requisition

C.

Manufacturing ticket

D.

Job cost record

Which of the following is an example of an industry that would use a process costing rather than a job-costing system?

A.

Centex Custom Homes

B.

Snyder & Lewis, Attorneys at Law

C.

Coca-Cola

D.

Boeing Jets

Intel Corporation makes computer chips. Intel Corporation would be classified as a _______.

A.

manufacturing company

B.

service company

C.

wholesale company

D.

merchandising company

Which statement describes direct materials in a manufacturing setting?

A.

Direct materials do not become part of the finished product.

B.

Direct materials are used to determine total manufacturing overhead.

C.

Direct materials cannot be separately and conveniently traced.

D.

Direct materials are used to determine total inventoriable product costs.

A company decision as to where to locate a new store would be considered _______.

A.

research and development

B.

production

C.

customer service

D.

marketing