Reference no: EM132808821

Problem 1: On the schedule of cost of goods manufactured:

a) beginning work-in-process plus direct materials used equals manufacturing costs

b) work-in-process will necessarily increase if total manufacturing costs increase

c) cost of goods manufactured equals value of goods transferred to finished goods

d) factory overhead plus beginning work-in-process equals manufacturing costs

e) none of these

Problem 2: Which costing method seems ideally suited to the production of homogenous products in continuous throughput?

a) activity-based costing

b) job order costing

c) process costing

d) absorption costing

e) none of these