Reference no: EM132911427
Problem 1: An equivalent unit of material is equal to:
Select one:
a. The amount of material necessary to complete one unit of production.
b. The amount of material necessary to start a unit of production into work in process.
c. Half of the material necessary to complete one unit of finished goods.
d. An equivalent unit of conversion cost.
Problem 2: Of the following manufacturing operations, which is best suited to the utilization of a job order system?
Select one:
a. Cruise ship manufacturing.
b. Automobile tire manufacturing operation.
c. Crude oil refining.
d. Plastic molding operation.
Problem 3: The appropriate journal entry to record the application of factory utilities cost in a job costing system involves a debit to Work in Process and a credit to:
Select one:
a. Utilities expense
b. Factory overhead
c. Finished goods inventory
d. Raw materials inventory
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