12. Which one of the following is a source document that impactsthe job cost sheet?
Question 12 options:
Finished goods shipping documents.
Materials purchase orders.
Raw materials receiving slips.
Labor time tickets.
11. An important feature of a job order cost system is that eachjob
Question 11 options:
must be completed before a new job is accepted.
consists of one unit of output.
has its own distinguishing characteristics.
must be similar to previous jobs completed.
9. Duggan Company reported total manufacturing costs of$305,000, manufacturing overhead totaling $58,000, and directmaterials totaling $62,000. How much is direct labor cost?
Question 9 options:
Cannot be determined from the information provided.
$425,000
$120,000
$185,000
8.On the costs of goods manufactured schedule, depreciation onfactory equipment
Question 8 options:
appears in the manufacturing overhead section.
is not listed because it is included with Depreciation Expense onthe income statement.
is not listed because it is not a product cost.
is not an inventoriable cost.
6. A manufacturing company reports cost of goods manufactured asa(n)
Question 6 options:
administrative expense on the income statement.
current asset on the balance sheet.
component in the calculation of cost of goods sold on the incomestatement.
component of the raw materials inventory on the balance sheet.
5.A manufacturing company calculates cost of goods sold asfollows:
Question 5 options:
Beginning FG inventory + cost of goods manufactured â ending FGinventory.
Beginning FG inventory â cost of goods manufactured â ending FGinventory.
Beginning FG inventory + cost of goods purchased â ending FGinventory.
Ending FG inventory â cost of goods manufactured + beginning FGinventory.
1. Managerial accounting information is generally preparedfor
Question 1 options:
stockholders.
managers.
creditors.
regulatory agencies.
12. Which one of the following is a source document that impactsthe job cost sheet?
Question 12 options:
Finished goods shipping documents.
Materials purchase orders.
Raw materials receiving slips.
Labor time tickets.
11. An important feature of a job order cost system is that eachjob
Question 11 options:
must be completed before a new job is accepted.
consists of one unit of output.
has its own distinguishing characteristics.
must be similar to previous jobs completed.
9. Duggan Company reported total manufacturing costs of$305,000, manufacturing overhead totaling $58,000, and directmaterials totaling $62,000. How much is direct labor cost?
Question 9 options:
Cannot be determined from the information provided.
$425,000
$120,000
$185,000
8.On the costs of goods manufactured schedule, depreciation onfactory equipment
Question 8 options:
appears in the manufacturing overhead section.
is not listed because it is included with Depreciation Expense onthe income statement.
is not listed because it is not a product cost.
is not an inventoriable cost.
6. A manufacturing company reports cost of goods manufactured asa(n)
Question 6 options:
administrative expense on the income statement.
current asset on the balance sheet.
component in the calculation of cost of goods sold on the incomestatement.
component of the raw materials inventory on the balance sheet.
5.A manufacturing company calculates cost of goods sold asfollows:
Question 5 options:
Beginning FG inventory + cost of goods manufactured â ending FGinventory.
Beginning FG inventory â cost of goods manufactured â ending FGinventory.
Beginning FG inventory + cost of goods purchased â ending FGinventory.
Ending FG inventory â cost of goods manufactured + beginning FGinventory.
1. Managerial accounting information is generally preparedfor
Question 1 options:
stockholders.
managers.
creditors.
regulatory agencies.
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Related questions
I need to Prepare entries for a job order, cost system, and cost of goods manufactured schedule, but my numbers aren't matching up. Please answer both parts of the question.
Case Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending upon customer preference. On June 1, 2017, the general ledger for Case Inc. contains the following data.
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Messana Corporation reported the following data for the month of August:
| Inventories: | Beginning | Ending |
| Raw materials | $36,000 | $24,000 |
| Work in process | $23,000 | $17,000 |
| Finished goods | $37,000 | $55,000 |
| Additional information: | ||
| Raw materials purchases | $69,000 | |
| Direct labor cost | $94,000 | |
| Manufacturing overhead cost incurred | $54,000 | |
| Indirect materials included in manufacturing overhead cost incurred | $8,000 | |
| Manufacturing overhead cost applied to Work in Process | $56,000 |
The adjusted cost of goods sold that appears on the income statement for August is:
A) $211,000
B) $209,000
C) $247,000
D) $229,000
