Question 9. Question: Units accounted for includes units completed and transferred out
plus: Student Answer: Beginning inventory. Units to account for. Ending inventory. Units started. UNIT 2 QUIZ
Question 10. Question: In calculating unit cost in a process costing system, " conversion
cost " is defined as the sum of: Student Answer: Direct and indirect material costs. Direct and indirect labor costs. Direct labor and factory overhead costs. Indirect labor and factory overhead costs.
Question 11. Question: The journal entry to record incurred direct labor would include a
credit to:
Question 9. Question: Units accounted for includes units completed and transferred out
plus: Student Answer: Beginning inventory. Units to account for. Ending inventory. Units started. UNIT 2 QUIZ
Question 10. Question: In calculating unit cost in a process costing system, " conversion
cost " is defined as the sum of: Student Answer: Direct and indirect material costs. Direct and indirect labor costs. Direct labor and factory overhead costs. Indirect labor and factory overhead costs.
Question 11. Question: The journal entry to record incurred direct labor would include a