California Lutheran University

• ACCT MISC

• Test Bank Managerial Accounting 16th Edition Ray H Garrison Complete downloadable file at: https://TestbankHelp.eu/Test-Bank-Managerial-Accounting-16th-Edition-Ray-H-GaFile: 16e_GNB_CH02_TB, Chapter 2, Job-Order Costing: Calculating Unit Product True/False [QUESTION] 1. A cost driver is a factor, such as machine-hours, beds occupied, computer time, direct costs.  Answer: F Difficulty: 2 Medium Learning Objective: 02-01 Topic Area: Bloom’s: Understand  AACSB: Reflective Thinking  AICPA: BB Critical Thinking  AICPA: FN Measurement Feedback: [QUESTION] 2. Job-order costing systems often use allocation bases that do not reflect how jobRelated titles Saved  Embed  of 200  Share 29 Search document  Search    2/10/2020 Test Bank Managerial Accounting 16th Edition Ray H Garrison | Cost | Inventory https://www.scribd.com/document/400214699/Test-Bank-Managerial-Accounting-16th-Edition-Ray-H-Garrison 2/271 g y j resources.  Answer: T Difficulty: 2 Medium Learning Objective: 02-01 Topic Area: Bloom’s: Understand  AACSB: Reflective Thinking  AICPA: BB Critical Thinking  AICPA: FN Measurement Feedback: [QUESTION] 3. An employee time ticket is an hour-by-hour summary of the employee’s activitie Answer: T Difficulty: 1 Easy Learning Objective: 02-Other Topic Area: Bloom’s: Understand  AACSB: Reflective Thinking  AICPA: BB Critical Thinking  AICPA: FN Measurement Feedback: [QUESTION] 4. The formula for computing the predetermined overhead rate is: Predetermined overhead rate = Estimated total amount of the allocation base ÷ Esoverhead cost  Answer: F Difficulty: 1 Easy Learning Objective: 02-01 Topic Area: Bloom’s: Remember   AACSB: Reflective Thinking Share knowledge with friends. Know someone else who could use this document? Gi them 60 days of free Scribd membership. Invite Friends Related titles Solutions Manual for Managerial… Test Bank - Chapter 3 Job… Managerial Accounting Ch3 1st-Exam Managerial accounting… Saved  Embed  of 200  Share 29 Search document  Search    2/10/2020 Test Bank Managerial Accounting 16th Edition Ray H Garrison | Cost | Inventory https://www.scribd.com/document/400214699/Test-Bank-Managerial-Accounting-16th-Edition-Ray-H-Garrison 3/271 Full file at https://TestbankHelp.eu/  AICPA: BB Critical Thinking  AICPA: FN Measurement Feedback: [QUESTION] 5. Generally speaking, when going through the process of computing a predetermi estimated total manufacturing overhead cost is determined before estimating the abase.  Answer: F Difficulty: 1 Easy Learning Objective: 02-01 Topic Area: Bloom’s: Understand  AACSB: Reflective Thinking  AICPA: BB Critical Thinking  AICPA: FN Measurement Feedback: [QUESTION] 6. If a job is not completed at year end, then no manufacturing overhead cost woul when a predetermined overhead rate is used.  Answer: F Difficulty: 2 Medium Learning Objective: 02-02 Topic Area: Bloom’s: Understand  AACSB: Reflective Thinking  AICPA: BB Critical Thinking  AICPA: FN Measurement Feedback: [QUESTION] 7. Actual overhead costs are not assigned to jobs in a job costing system.  Answer: T Difficulty: 1 Easy Learning Objective: 02-02 Topic Area: Bloom’s: Understand  AACSB: Reflective Thinking  AICPA: BB Critical Thinking  AICPA: FN Measurement Feedback: [QUESTION] 8. The amount of overhead applied to a particular job equals the actual amount of o job.  Answer: F Related titles Solutions Manual for Managerial… Test Bank - Chapter 3 Job… Managerial Accounting Ch3 1st-Exam Managerial accounting… Saved  Embed  of 200  Share 29 Search document  Search    2/10/2020 Test Bank Managerial Accounting 16th Edition Ray H Garrison | Cost | Inventory https://www.scribd.com/document/400214699/Test-Bank-Managerial-Accounting-16th-Edition-Ray-H-Garrison 4/271 Difficulty: 1 Easy Learning Objective: 02-02 Topic Area: Bloom’s: Understand  AACSB: Reflective Thinking  AICPA: BB Critical Thinking  AICPA: FN Measurement Feedback: Full file at https://TestbankHelp.eu/ [QUESTION] 9. If the overhead rate is computed annually based on the actual costs and activitymanufacturing overhead assigned to any particular job can be computed as soon a Answer: F Difficulty: 1 Easy Learning Objective: 02-02 Topic Area: Bloom’s: Understand  AACSB: Reflective Thinking  AICPA: BB Critical Thinking  AICPA: FN Measurement Feedback: [QUESTION] 10. Job cost sheets contain entries for actual direct material, actual direct labor, anoverhead cost incurred in completing a job.  Answer: F Difficulty: 2 Medium Learning Objective: 02-03 Topic Area: Bloom’s: Understand  AACSB: Reflective Thinking  AICPA: BB Critical Thinking  AICPA: FN Measurement Feedback: [QUESTION] 11. In a job-order cost system