ACC 561 Week 3 Wileyplus Practice Quiz For more course tutorials visit www . uophelp . com
Explain whether Phoenix ’ s net income increased , decreased , or remained unchanged over the 3-year period .
================================================= =
ACC 561 Week 3 Wileyplus Practice Quiz For more course tutorials visit www . uophelp . com
1 . A major purpose of cost accounting is to 2 . The two basic types of cost accounting systems are 3 . A process cost system would most likely be used by a company that makes 4 . Which of the following would be accounted for using a job order cost system ? 5 . The flow of costs in a job order cost system 6 . The entry to record the acquisition of raw materials on account is 7 . Time tickets should be approved by 8 . The labor costs that have been identified as indirect labor should be charged to 9 . Manufacturing overhead is applied to each job 10 . A process cost accounting system is most appropriate when 11 . Which of these best reflects a distinguishing factor between a job order cost system and a process cost system ? 12 . In process cost accounting , manufacturing costs are summarized on a 13 . In a process cost system , product costs are summarized : 14 . Which of the following is considered a difference between a job order cost and a process cost system ? 15 . The costs that are easiest to trace directly to products are 16 . Other the most difficult part of computing accurate unit costs is determining the process amount of----------------------to assign to each product , service , or job . 17 . The last step in activity-based costing is to 18 . The first step in activity-based costing is to