Accounting

Luca Company over applied manufacturing overhead during
2006 Which one of the following is part of the year end entry to dispose of
the over applied amount assuming the amount is material?

A An increase to finished goods

B A decrease to work in process inventory

C An increase to cost of goods sold

D A decrease to applied overhead

Why is factory overhead applied to products and jobs by
manufacturing companies?

A Total actual overhead costs can never be accurately
determined for production

B It allows managers more timely determination of product
costs during the manufacturing process

C It provides a more accurate cost of the job or products
being processed

D Because indirect costs are easy to trace to products and
jobs

Which of the following represents the two basic types of
cost accounting systems?

A Job order and process cost systems

B Job order and batch systems

C Process cost and batch systems

D Job order and job accumulation systems

5) In a job order cost accounting system, the Work in
Process account is

A a control account

B closed at year end

C an expense

D a period cost

6) Which one of the following is an important feature of a
job order cost system?

A Each job has characteristics similar to the next

B Each must be completed before a new product order is
accepted

C Each job uses similar processes to produce

D Each consists of features which distinguish it from the
next

7) What broad functions do the management of an organization
perform?

A Planning, manufacturing, and controlling

B Directing, manufacturing, and controlling

C Planning, directing, and selling

D Planning, directing, and controlling

8) Which of the following represents the correct order in
which inventories are reported on a manufacturer’s balance sheet?

A Work in process, raw materials, finished goods

B Raw materials, work in process, finished goods

C Finished goods, work in process, raw materials

D Work in process, finished goods raw materials

9) Managerial accounting

A places emphasis on special-purpose information

B is concerned with costing products

C pertains to the entity as a whole and is highly
aggregated

D is governed by generally accepted accounting principles

My MasterPapers
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Us

Outstanding Academic Writing Service

At MyMasterPapers.com, you are assured of professional essay writing help from the leading experts online. Quality comes at the forefront of our custom writing service to ensure that all our customers are satisfied with the work delivered. We value repeat customers. For this reason, we ensure that each task is completed to perfection for high scores.

Top Writers

Our hiring process is highly intensive. The writers are exposed to a strict selection procedure before hiring to ensure that we acquire the most qualified, well-educated and experienced writers. Our team of writers, professors, editors and researchers will ensure that you get incredible results.

Plagiarism-Free Papers

We highly discourage plagiarism. For this reason, we have trained our writers in such a way that all the papers are written from scratch and are free from plagiarism. We also pay attention to ensure that each paper is completed as per the instructions provided. Referencing and citations are done as per the paper format selected by the customer. These include: APA, MLA, Chicago, Harvard, Turabian among others.

24/7 Customer Support

You can contact our support team via the chat window at the bottom right corner. Alternatively, feel free to email us via our support email: support@mymasterpapers.com. Our team is available 24/7 to respond to your queries and guide you though where need be.

Swift Delivery & 100% Money Back Guarantee

Simply choose the desired deadline when placing the order. The task is assigned to the most qualified writer as soon as the order is successfully placed. All the papers are delivered to you within the deadline selected. In case a paper cannot be delivered within the deadline selected, we request for a deadline extension within the shortest time possible.

Free Unlimited Revisions

Our customers can always request for a revision in case they feel that something needs to be added or changed after the final paper has been delivered. We do not charge for revisions. However, we highly discourage our customers from misusing this policy.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

Mymasterpapers.com specializes in custom essay writing for all level of students. Simply relax as we get your paper done within the timeline indicated.

Essays

Academic Help Service

Our team of skilled writers and researchers is readily available to get any type of academic paper completed. We deliver high quality papers and projects to our customers to ensure that we maintain a long-term relationship that will shine your academic career.

Admissions

Admission Essays & Professional Writing

An admission essay allows you to express yourself by providing personal details that wouldn’t have fit on other areas of an application. We have a team of experienced writers who will get you to the desired academic level through a professional and a personalized admission essay.

Reviews

Editing & proofreading

Are you seeking for editing or proofreading help? We have a team of editors who will ensure that any issue within you paper has been addressed. Upload the paper to be cleaned up and relax as we get the job done.

Reviews

Revision Support

At mymasterpapers.com, you can always ask for revision in case you want some changes in you paper. We focus on ensuring that the grammar, research and formatting are done as per the latest academic writing standards.