Question

2. The expense of operating a shipping department would likely beclassified in which cost behavior category?
A. Fixed
B. Mixed
C. Variable

3. Property tax on an office building would likely be classified inwhich cost behavior category?
A. Fixed
B. Mixed
C. Variable

4. Inventoriable costs eventually appear as expenses on an incomestatement as part of:
A. the cost of goods sold
B. selling expenses
C. administrative expenses

5. Which of the following would one be able to find on a job costsheet in a typical job cost system?
Actual direct material cost Actual manufacturing overheadcost
A. Yes Yes
B. Yes No
C. No Yes
D. No No

6. Which of the following enterprises would be more likely to useprocess costing rather than job-order costing?
A. A manufacturer of yachts
B. A small appliance repair shop
C. A tire manufacturer

7. A predetermined overhead rate is based on direct labor-hours toapply manufacturing overhead to jobs. For a particular month,manufacturing overhead cost was estimated to be $30,000; directlabor-hours were estimated to be based 10,000. Actual overhead was$32,500; actual direct labor-hours were 11,000. By how much wasoverhead overapplied or underapplied?
A. $2,500 overaplied
B. $2,500 underapplied
C. $500 overapplied
D. $500 underapplied

8. In job order costing, the different between total manufacturingcosts and the cost of goods manufactured is:
A. the change in work-in-process inventory over the relatedperiod
B. work-in-process inventory at the end of the related period
C. Zero as total manufacturing costs and the cost of goodsmanufactured are the same thing

9. In process costing, a separate work in process account is keptfor each:
A. processing department
B. individual order
C. equivalent unit