exam1 ch3 true and false

Question 1

18. The Work in Process Inventory account is a subsidiary of the job order cost sheets control account

Answer 1

f

Question 2

19. In a job order cost system, each entry to the Raw Material Inventory account should be accompanied by a posting to one or more job cost sheets.

Answer 2

f

Question 3

29. Total manufacturing costs for a period consists of the costs of direct material used, the cost of direct labour incurred, and the actual manufacturing overhead incurred during the period.

Answer 3

f

Question 4

32 Job cost sheets are often used as a subsidiary ledger for job costs

Answer 4

t