7. The sale of scrap from a manufacturing process would be recorded as a(an) a. Decrease in factory overhead control. b. Increase in factory overhead control. c. Decrease in finished goods control. d. Increase in finished goods control. 8. Wages paid to a timekeeper in a factory are a Prime cost Conversion cost a. Yes No b. Yes Yes с. No No d. No Yes 9. Certain workers are assigned the task of unpacking production materials received from suppliers. These workers place the materials in a storage area pending subsequent use in the production process. The labor cost of such workers is normally classified as a. Direct labor b. Direct material. c. Indirect labor. Indirect materials. 10. In a job order cost system, the incurrence of indirect labor would usually be included in the general ledger as a charge to a. Factory department overhead control. b. Factory overhead applied. c. Work in process control. d. Accrued payroll. Test II=20% Multiple Choice. Select the best answer by writing in capital letters your choices. Show supporting computations to get credit. Erasures and alterations are not allowed in the answer sheet. The following data are given for the period Sept. 12-18, 2018. Hours Total Regular Overtime Job Order Hours Job Order Job Order Hours si S2 S3 Hours 46 Munar Narel 48 46 12 20 9 Delivery 4 43 25 2 7 Ollie 50 48 15 Paras 53 46 16 30 45 17 15 20 Quito Reyes 53 45 6. 10 18 17 Repairs 5 51
7. The sale of scrap from a manufacturing process would be recorded as a(an) a. Decrease in factory overhead control. b. Increase in factory overhead control. c. Decrease in finished goods control. d. Increase in finished goods control. 8. Wages paid to a timekeeper in a factory are a Prime cost Conversion cost a. Yes No b. Yes Yes с. No No d. No Yes 9. Certain workers are assigned the task of unpacking production materials received from suppliers. These workers place the materials in a storage area pending subsequent use in the production process. The labor cost of such workers is normally classified as a. Direct labor b. Direct material. c. Indirect labor. Indirect materials. 10. In a job order cost system, the incurrence of indirect labor would usually be included in the general ledger as a charge to a. Factory department overhead control. b. Factory overhead applied. c. Work in process control. d. Accrued payroll. Test II=20% Multiple Choice. Select the best answer by writing in capital letters your choices. Show supporting computations to get credit. Erasures and alterations are not allowed in the answer sheet. The following data are given for the period Sept. 12-18, 2018. Hours Total Regular Overtime Job Order Hours Job Order Job Order Hours si S2 S3 Hours 46 Munar Narel 48 46 12 20 9 Delivery 4 43 25 2 7 Ollie 50 48 15 Paras 53 46 16 30 45 17 15 20 Quito Reyes 53 45 6. 10 18 17 Repairs 5 51
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:7. The sale of scrap from a manufacturing process would be recorded as a(an)
a. Decrease in factory overhead control.
b. Increase in factory overhead control.
c. Decrease in finished goods control.
d. Increase in finished goods control.
8. Wages paid to a timekeeper in a factory are a
Prime cost
Conversion cost
a.
Yes
No
b.
Yes
Yes
с.
No
No
d.
No
Yes
9. Certain workers are assigned the task of unpacking production materials received from suppliers.
These workers place the materials in a storage area pending subsequent use in the production
process. The labor cost of such workers is normally classified as
a.
Direct labor
b.
Direct material.
c.
Indirect labor.
d,
Indirect materials.
10. In a job order cost system , the incurrence of indirect labor would usually be included in the
general ledger as a charge to
a. Factory department overhead control.
b. Factory overhead applied.
c. Work in process control.
d. Accrued payroll.
Test II-20%
Multiple Choice. Select the best answer by writing in capital letters your choices. Show supporting
computations to get credit. Erasures and alterations are not allowed in the answer sheet.
The following data are given for the period Sept. 12-18, 2018.
Total Regular Overtime Job Order
Hours
Job Order Job Order
S2
Hours
Hours
si
S3
Нours
46
Munar
48
12
20
Delivery
4
Narel
Ollie
46
43
3
50
48
15
25
9
53
46
7.
16
30
5
Paras
Quito
Reyes
53
45
17
15
20
45
6.
10
18
17
Repairs
5
51
< o O
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